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You want to purchase a new car in 6 6 years and expect the car to cost $8000 8000. Your bank offers a plan with

You want to purchase a new car in 6

6 years and expect the car to cost $8000

8000. Your bank offers a plan with a guaranteed APR of 6.5 %

6.5% if you make regular monthly deposits. How much should you deposit each month to end up with $8000

8000 in 6

6 years

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