Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an extra $24,000 $ ⁢ 24,000 over the next 5 5 years. What amount must be deposited quarterly into an account that earns 4.5% 4.5 % interest in order to reach your goal? Round your answer to the nearest cent, if necessary

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Sol Given that So The amount to be saved PN 24000 Number of years of saving N 5 years ... View the full answer