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You want to purchase a new car in 5 years and expect the car to cost $ 5 6 , 0 0 0 Your bank

You want to purchase a new car in 5 years and expect the car to cost $56,000 Your bank offers a plan with a guaranteed APR of 5.5% if you make regular monthly deposits. How much should you deposit each month to end up with $56,000 in 5 years

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