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Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 9.9%. If this

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Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 9.9%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $15,000 in the account in six years' time? A. $124 B. $249 C. $218 D. $155

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