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Greg is saving for a trip around Asia. He deposits a fixed amount every month in a bank account with an EAR of 8.00%. If

Greg is saving for a trip around Asia. He deposits a fixed amount every month in a bank account with an EAR of 8.00%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $25,000 in the account in four years' time?

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$ 396

$ 370

$ 432

$ 446

$ 417

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