Question: (Chapter 5) Howard is saving for a holiday. He deposits a fixed amount every month in a bank account with an APR of 13.79%. If

(Chapter 5) Howard is saving for a holiday. He deposits a fixed amount every month in a bank account with an APR of 13.79%. If this account pays interest every month, then how much should he save from each monthly paycheck in order to have $14.000 in the account in four years' time? (Choose closest answer.) $176 $308 $220 $381 $601

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