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Posted on Jul 16, 2024

You want to save up $4,950 to buy new kitchen cabinets. You want to pay in cash, so you make weekly deposits into a savings

You want to save up $4,950 to buy new kitchen cabinets. You want to pay in cash, so you make weekly deposits into a savings account earning 1.2% APR, compounded weekly. How much do your weekly deposits need to be in order to save up the $4,950 in four years? Round your answer to the nearest cent. The weekly deposits need to be $

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