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You expect that you will need to replace your furnace in 6 years at a cost of $16,939. How much must you save, each month

You expect that you will need to replace your furnace in 6 years at a cost of $16,939. How

much must you save, each month for 29 months, starting next month (the same amount

each month) if your savings account pays 2.81% APR (compounded monthly)?

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