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Budgeting case Martin has been dreaming of purchasing his own car. He is interested in purchasing a $5,000 vehicle. The lender he is considering using
Budgeting case Martin has been dreaming of purchasing his own car. He is interested in purchasing a $5,000 vehicle. The lender he is considering using has told him that they expect 20% of the purchase price paid up front as a down payment. How much does Martin need to save for the down payment? Martin would like to purchase the car in 4 months. How much must he save each month to have the cash available for the down payment
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