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Derek would like to save for a down payment on the purchase of a new SUV in 2 4 months. The targeted down payment amount

Derek would like to save for a down payment on the purchase of a new SUV in 24 months. The targeted down payment amount is $15,000. How much will Derek need to save each month to obtain the $15,000 if his monthly savings amount grows at an average monthly rate of return of 0.875%?
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