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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%. 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%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $8,000 in the account in four years' time? A. $224 B. $112 C. $140 OD. $196 00

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