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You have always wanted to buy a new car and pay cash. You have decided to save enough money to buy a car paying up

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You have always wanted to buy a new car and pay cash. You have decided to save enough money to buy a car paying up front with cash. You need to buy a new car in 6 years from today. You believe you can earn 9.85% annual vield on invested funds over those 6 years. If you think you can buy your dream car for $112,548, how much would you have to save per month to have $112,548 in 6 years

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