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A friend of yours is thinking about buying a car and wants to save for the down - payment. She thinks the car she wants
A friend of yours is thinking about buying a car and wants to save for the downpayment. She thinks the car she wants will cost about $ in years from today, and she intends on having saved at least $ She deposits $ in the bank today and will make monthly deposits for the next years into a savings account that pays annual interest compounded monthly. How much does she need to deposit each month so that she has the full $ for the downpayment?
Enter your answer rounded to the nearest cent.
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