Buy new car finance no more than 10000 of the 26000, Microeconomics

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Buy new car finance no more than 10000 of the 26000

Buy new car finance no more than 10000 of the 26000 estimated prices in two years. Now, deposits 5000 in to a savings account now and will make monthly deposits for the next two years. If the saving s account pays a nominal interest rate of 3% per year with monthly compounding, how much must she deposit each month?

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Microeconomics: Buy new car finance no more than 10000 of the 26000

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Microeconomics: Buy new car finance no more than 10000 of the 26000

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