You plan to "go green" and install solar panels on your home in 36 months.
The solar company has a payment plan whereby you will pay for the panels in 120 monthly payments (installments) starting in month 37
Each monthly installment will be for $200 per month.
How much would you have to invest each month (the same amount in each month), starting in one month, for 35 months , to exactly pay for the solar panels ,if your investments earn 3.00% APR (compounded monthly)?

Answer rating: 100% (QA)

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