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You want to purchase a new car in 3 Yeats and expect the car to cost 30,000. Your bank offers a plan guaranteed APR 5.5%.

You want to purchase a new car in 3 Yeats and expect the car to cost 30,000. Your bank offers a plan guaranteed APR 5.5%. How much should you deposit each month to end up with 30,000 in 3 years?

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