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I would like to purchase a new ca in 5 years and expect the car to cost $76,000. My bank offered me a plan with
I would like to purchase a new ca in 5 years and expect the car to cost $76,000. My bank offered me a plan with a guaranteed APR of 4.5 % if I choose to make regular monthly deposits. How much should I deposit each month to end up with 76,000 in 5 years?
A. How much should I invest $--- each month?
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