How much should you deposit at the end of each month, Finance Basics

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How much should you deposit at the end of each month

Problem

You are saving monthly to buy an Audi e-tron car in 3 years. You already have $21,000 saved today and your research suggests that you would need a total of $79,000. If your investment account provides an annual interest of 9.20% compounded monthly, how much should you deposit at the end of each month?

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Finance Basics: How much should you deposit at the end of each month

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Finance Basics: How much should you deposit at the end of each month

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