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Business, 20.02.2020 02:51 quetzaliescalona

Howard is saving for a holiday. He deposits a fixed amount every month in a bank account with an EAR of 14.7%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $14,000 in the account in four years' time?

A) $176

B) $308

C) $220

D) $352

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Answers: 2

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