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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 7.9%. If this

Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 7.9%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $11,000 in the account in six years' time? A. $169 B. $121 C. $97 D. $194

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