Saving for a New Car Elisa Bolotin is a freshman in high

Chapter 11, Problem 884

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Saving for a New Car Elisa Bolotin is a freshman in high school and would like to have $15,000 in 4 years to buy a car for college. How much should she invest monthly in a sinking fund with 6% interest compounded monthly to accumulate $15,000 in 4 years?

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