The price for a car as of December 31 2022 costs 45,000, and you plan to purchase
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Question:
The price for a car as of December 31 2022 costs 45,000, and you plan to purchase the car on that specific day. To accumulate the funds needed to buy the vehicle, you make 36 monthly deposits of X into your savings account with the first of these deposits being today, January 1 2020. The savings account credits interest at a nominal interest rate of 4.8% convertible monthly. Find X.
Related Book For
Cambridge International AS And A Level Mathematics Pure Mathematics 1 Coursebook
ISBN: 9781108407144
1st Edition
Authors: Sue Pemberton, Julian Gilbey
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