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Question Help You want to purchase a new car in 5 years and expect the car to cost $63,000.Your bank offers a plan with a
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You want to purchase a new car in 5 years and expect the car to cost $63,000.Your bank offers a plan with a guaranteed APR of 4.5 %4.5% if you make regular monthly deposits. How much should you deposit each month to end up with $63,000 5 years?
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