Question: Use the future value formula to calculate how much would you need to save every month (with regular deposits), for a period of twenty years

Use the future value formula to calculate how much would you need to save every month (with regular deposits), for a period of twenty years to have accumulated $96,754 if the bank were to pay 8.5% annual interest, compounded annually.

A. $2,000

B. $2,900

C. $1,900

D. $3,900

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