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monthly Deposit Assignment

Author:
February 17th, 2020

How much should be deposited monthly in an account that generates 6% compound interest to accumulate the 20% you need as soon as possible (downpayment) of a car that you will purchase within 2 years and whose sales price is $25,000?

a. $196.60

b. $983.02

c. $257.50

d. $127.89

e. Missing information, cannot be determined. Get Finance homework help today

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