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You want to save up $12,500 to purchase a used car in 3 years. Your account earns an annual rate of 5.3% compounded monthly. How

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You want to save up $12,500 to purchase a used car in 3 years. Your account earns an annual rate of 5.3% compounded monthly. How much do you need to deposit each month to meet your goal? Round your answer to two decimal places. Do not include the $ sign in your answer. Your

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