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John wants to buy a car next year. He started to save $100 per month two years ago. How much money is in his account

John wants to buy a car next year. He started to save $100 per month two years ago. How much money is in his account now? He plans to buy a car for $5000. Will his savings be enough for that? How much will he need to add his saving in order to buy the car? Or, will he has some left-over ? r = 3%, k = 12

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