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Margot wants to study botanical drawing. The program costs $ 3 , 0 0 0 a year and is a three year, part - time

Margot wants to study botanical drawing. The program costs $3,000 a year and is a three year, part-time programme. If she can earn 5.5%, how much does she need to save at the end of each month for the next two years? Assume the compounding is the same during the time she saves and during the time she consumes her savings. Solve using financial calculator.

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