Question
You want to purchase a new car in 6 years and expect the car to cost $50,000. Your bank offers a plan with a guaranteed
You want to purchase a new car in 6 years and expect the car to cost $50,000. Your bank offers a plan with a guaranteed APR of 4.5% if you make regular monthly deposits. How much should you deposit each month to end up with $50,000 in 6 years?
You should invest $ each month.
(Round the final answer to the nearest cent as needed. Round all intermediate values to seven decimal places as needed.)
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
