Question: You want to save $ 2 4 , 0 0 0 to buy a new car in 5 years and your savings account earns 3

You want to save $24,000 to buy a new car in 5 years and your savings account earns 3% interest.(a) How much do you need to deposit each month to meet your goal?(b) How much money will you pay into the account?(c) How much interest will you earn?

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