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You want to purchase a new car in 7 years and expect the car to cost $ 9 4 , 0 0 0 . Your

You want to purchase a new car in 7 years and expect the car to cost $94,000. 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 $94,000 in 7years? You should invest $ _____ each month (Do not round until the final answer. Then round to two decimal places as needed.)

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