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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 12.4%. 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 12.4%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $12,000 in the account in six years' time? O A. $185 O B. $116 OC. $92 OD. $162

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