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You are saving to buy a car, and you deposit $230 at the end of each month for two years at an APR of 4.8%

You are saving to buy a car, and you deposit $230 at the end of each month for two years at an APR of 4.8% compounded monthly. What is the future value for this savings arrangement? That is, how much money will you have for the purchase of the car after 2 years?

Round your answer to the nearest cent.

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