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You want to reach $6,000.00 in savings over four years. Your account will earn 5% interest per year. Initially your account has a zero balance.

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You want to reach $6,000.00 in savings over four years. Your account will earn 5% interest per year. Initially your account has a zero balance. How much must you save each month to achieve this goal? Use the PMT() function. Look it up in the e-book if you do not know how to use it. TIP: This is monthly so do not forget to adjust the interest rate and number of payments

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