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Calculate the amount that Jinhee needs to save each year for the down payment on a new car, assuming she canearn6 percent on her savings.Calculate
Calculate the amount that Jinhee needs to save each year for the down payment on a new car, assuming she canearn6 percent on her savings.Calculate how much she will need to save on a monthly basis, assumingmonthlycompounding. For each scenario, how much of her down payment will come from interest earned?
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