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You wish to save $ 1 5 0 , 0 0 0 for a new car. You are going to make $ 5 0 0

You wish to save $150,000 for a new car. You are going to make $5000
deposits at the end of each month. If the bank pays 3% compounded monthly, then how many full deposits are needed and what is the amount of the smaller concluding deposit at the end of the next month?

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