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Solve the following Interest rate related in each part questions below and then define what you were looking for in each problem. Part A: You

Solve the following Interest rate related in each part questions below and then define what you were looking for in each problem.

Part A: You need $200,000 for your childs education in 15 years. You are planning to save every month with an APR of 6 percent interest rate. How much should you save every month?

Part B: You deposit $20,000 in a savings account that pays 9% interest compounded monthly for 5 years. What is the future value at the end of 5 years?

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