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8. A person wishes to save a regular amount at the beginning of each month in order to buy a car in 18 months' time.

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8. A person wishes to save a regular amount at the beginning of each month in order to buy a car in 18 months' time. An account offers a return of 4.8% compounded monthly. Work out the monthly savings if the total amount saved at the end of 18 months is $18 000

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