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am 1 Chapters 4 and 5 Only i A local furniture store is advertising a deal in which you buy a $2,100 dining room set
am 1 Chapters 4 and 5 Only i A local furniture store is advertising a deal in which you buy a $2,100 dining room set and do not need to pay for two years (no interest cost is incurred). How much money would you have to deposit now in a savings account earning 4 percent APR, compounded monthly, to pay the $2,100 bill in two years? How much would you have to deposit in the savings account each month earning 4 percent APR to be able to pay the bill? Note: Do not round intermediate calculations and round your final answer to 2 decimal places
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