Question
You want to purchase a new car in 8 years and expect the car to cost $13,000. Your bank offers a plan with a guaranteed
You want to purchase a new car in 8 years and expect the car to cost $13,000. 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 $13,000 in 8 years?
You should invest $__ each month.
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
