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4. You want to purchase a new car in 4 years and expect the car to cost $32,000. Your bank offers a plan. with

4. You want to purchase a new car in 4 years and expect the car to cost $32,000. Your bank offers a plan. with a guaranteed APR of 3.5% if you make regular monthly deposits. How much should you deposit each month to end up with $32,000 in 4 years? Show all the work.

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