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Arthur wants to save for a new motorcycle that costs $10,000. He deposits a fixed amount every month in a bank account with an EAR

Arthur wants to save for a new motorcycle that costs $10,000. He deposits a fixed amount every month in a bank account with an EAR of 7.5%. If this account pays interest every month then how much should he save each month to be able to buy the motorcycle in two years' time?

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