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If you currently have no saving allocated for this financial goal of saving for the deposit of the house, how much do you have to
If you currently have no saving allocated for this financial goal of saving for the deposit of the house, how much do you have to save monthly into your bank account that pays 3.75% annual interest rate, compounded monthly? [Clearly show all formula(s), steps, relevant figures and final answer. Round only the final answer to two decimal places, where applicable.] (1.5 marks) If you currently have no saving allocated for this financial goal of saving for the deposit of the house, how much do you have to save monthly into your bank account that pays 3.75% annual interest rate, compounded monthly? [Clearly show all formula(s), steps, relevant figures and final answer. Round only the final answer to two decimal places, where applicable.] (1.5 marks)
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