Question: Sue will need $ 3 , 0 0 0 for down payment on a new car in 3 years. What monthly deposits should she make

Sue will need $ 3,000 for down payment on a new car in 3 years. What monthly deposits should she make in an account that pays 12% compounded monthly so that she receives the needed money after 3 years? Each payment is made at the beginning of each period.

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