You are saving monthly to buy an Audi e$-$tron car in $3$ years. You already have $$28,000$ saved today and your research suggests that you would need a total of $$70,000.$ If your investment account provides an annual interest of $4\mathrm{.}00\%$ compounded monthly, how much should you deposit at the end of each month?

Question $8$ Answer

a$.$

$$1,100$

b$.$

$$1,007$

c$.$

$$968$

d$.$

$$1,028$

e$.$

$$1,240$