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Dr . Russell wants to buy an expensive car which will cost $ 7 4 , 0 0 0 four years from today. He would

Dr. Russell wants to buy an expensive car which will cost $74,000 four years from today. He would like to set aside an equal amount at the end of each month in order to accumulate the amount needed. He can earn a 7% annual return. How much should he set aside?

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