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Suppose you want to save in order to purchase a new boat. Take the APR to be 6.0%. You want to have $19,000 toward the
Suppose you want to save in order to purchase a new boat. Take the APR to be 6.0%. You want to have $19,000 toward the purchase of a boat in three years. How much do you need to deposit each month? (Round your answer to the nearest cent.)
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