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William plans to purchase a motor home for $45,250, and he opened a savings account to deposit money every three months for that purpose. What

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William plans to purchase a motor home for $45,250, and he opened a savings account to deposit money every three months for that purpose. What will his minimum quarterly savings be if the interest rate is 3.5% compounded monthly so that he can purchase the motor home in 8 years? $1,600 $1,620 $1,630 $1,650

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