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you want to purchase a new car in 6 years and expect the car to cost $ 9 7 , 0 0 0 . your

you want to purchase a new car in

6

years and expect the car to cost $

97, 000 .

your bank offers a olaplan with a guaranteed APR of

5.5 %,

if you make regular monthly deposits. how much should you deposit each month to end up with $

97, 000

6

years? how much do you invest each month?

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