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Buy new car finance no more than 10000 of the 26000 estimated prices in two years. Now, deposits 5000 in to a savings account now and will make monthly deposits for the next two years. If the saving s account pays a nominal interest rate of 3% per year with monthly compounding, how much must she deposit each month?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91228520

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