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a person wants to purchase a new car in 8 years and expect the car to cost $ 63,000 . bank offers a plan with

a person wants to purchase a new car in 8 years and expect the car to cost $63,000. bank offers a plan with a guaranteed APR of 4.5 %

if you make regular monthly deposits. How much should you deposit each month to end up with $63,000 in 8 years?

you should invest $_____ each month?

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