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You want to purchase a new car in 7 years and expect the car to cost $65000. Your bank offers a plan with a guaranteed

You want to purchase a new car in 7 years and expect the car to cost $65000. 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 $65000 in 7 years?

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