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*Please show Excel Formula* #4: If you start with $5,000 today, and save an additional $500 every month, in how many months would it grow
*Please show Excel Formula*
#4: If you start with $5,000 today, and save an additional $500 every month, in how many months would it grow to $1 million? Your savings earn 6% per year (or 0.5% per month). #5: You just bought a car and took out a 5 year car loan of $14,000 with monthly payments. If the interest rate on the loan is 3.6% per year (or 0.3%) per month, what would be your monthly payment on the carStep by Step Solution
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