Question: John decides that he needs to save 817,0000,00 in 6 years to put towards a new vehicle. (a) How much should he invest every month

John decides that he needs to save 817,0000,00 in 6 years

John decides that he needs to save 817,0000,00 in 6 years to put towards a new vehicle. (a) How much should he invest every month into an ordinary annuity earning 1.72% compounded monthly? Note: your answer should include a dollar sign and be rounded to two decimal places. Use this value in computing subsequent answers. (b) After 3 years of making payments, what is John's remaining balance? (c) Fill out the following lines of his balance sheet: Note: Your answers are dollar amounts and should include a dollar sign

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