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You need $575 in 6 months for your auto insurance bill. If your investments earn 3%...

You need $575 in 6 months for your auto insurance bill. If your investments earn 3% APR (compounded monthly), ), how much do you have to invest each month, starting next month, for 4 months, such that your investment will grow to just cover your auto insurance bill?

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jeff jeffy answered 2 years ago
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