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Youd like to buy a 40-foot used catamaran in 9 years. You forecast that youll need $390,000 to complete the purchase at that time. Suppose

Youd like to buy a 40-foot used catamaran in 9 years. You forecast that youll need $390,000 to complete the purchase at that time. Suppose your savings earn 4.4% per year. How much should you save each month so that you have enough savings to buy the boat? Round to the nearest whole dollar

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