You need to have 55004 dollars to buy a new car 10 years from now. How much do you need to save at the end of each month if your savings account pays 4% per year, compounded quarterly? (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)

Answer rating: 100% (QA)

Here the future value of annuity will be used to determine money to save monthly to accumulate desir... View the full answer