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You plan to buy a new car in 15 years. You want to save $50,000 to help pay for it. If you deposit $75 per
You plan to buy a new car in 15 years. You want to save $50,000 to help pay for it. If you deposit $75 per month into an account that makes 7% interest each year, will you achieve your goal?
- How much money will you make with this plan? $ (round to two decimal places)
- How much should your monthly payments be to reach your goal? $
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