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Cost of $50,000 in 2024 (four years from today). A.) How much will you need to set aside for 48 months at 6% nominal interest

Cost of $50,000 in 2024 (four years from today).

A.) How much will you need to set aside for 48 months at 6% nominal interest / year, compounded monthly, in order to pay the $50,000?

B.) Make 24 monthly payments at 6% interest, what are the monthly payments?

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