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Benji wants to purchase a new car in 4 years. He plans on putting $8,000 down. He will be putting a sum away at the
Benji wants to purchase a new car in 4 years. He plans on putting $8,000 down. He will be putting a sum away at the beginning of each month to accumulate this amount in an account paying 9% that compounds monthly. What payment will he have to make to reach his goal?
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