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please answer me. Thank you :-) b. Monica has $3,500 cash on hand. She wants to deposit the money and earn enough interest to buy

please answer me. Thank you :-)
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b. Monica has $3,500 cash on hand. She wants to deposit the money and earn enough interest to buy a second-hand car in 2 years. Suppose the price of the car will be $3,800 at that time. Calculate the minimum interest rate p.a. compounded monthly Monica needs to earn. (Round your answer to the nearest 0.01%.)

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