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You want to save up $10,500 to purchase a used car in 5 years. Your account earns an annual rate of 5.4% compounded monthly.
You want to save up $10,500 to purchase a used car in 5 years. Your account earns an annual rate of 5.4% compounded monthly. How much do you need to deposit each month to meet your goal?
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To calculate the monthly deposit required to meet your goal we can use the formula ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
