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Business, 06.05.2020 21:06 Superstar7180

Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 6.6%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $ 12 comma 000 in the account in two years' time?

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Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with a...
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