monthly Deposit Assignment

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    monthly Deposit Assignment

    How much should be deposited monthly in an account that generates 6% compound interest to accumulate the 20% you need as soon as possible (downpayment) of a car that you will purchase within 2 years and whose sales price is $25,000? a. $196.60 b. $983.02 c. $257.50 d. $127.89 e. Missing information, cannot be determined. Get Finance homework help today

    How much should be deposited monthly in an account that generates 6% compound interest to accumulate the 20% you need as soon as possible (downpayment) of a car that you will purchase within 2 years and whose sales price is $25,000?

    a. $196.60

    b. $983.02

    c. $257.50

    d. $127.89

    e. Missing information, cannot be determined. Get Finance homework help today