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Matthew Young is a high school sophomore. He currently has $7,500 in a savings account that pays 5.44 percent annually. Matthew plans to use his

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Matthew Young is a high school sophomore. He currently has $7,500 in a savings account that pays 5.44 percent annually. Matthew plans to use his current savings plus what he can save over the next four years to buy a car. He estimates that the car will cost $12,802 in four years. How much money should Matthew save each year if he wants to buy the car? (Round factor values to 6 decimal places, eg. 1.521253 and the final answer to 2 decimal place eg. 15.25.) Matthew should save $

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