Question:

You want to purchase a new car in 4 years and expect the car

Last updated: 7/22/2022

You want to purchase a new car in 4 years and expect the car

You want to purchase a new car in 4 years and expect the car to cost $84,000. Your bank offers a plan with a guaranteed APR of 6.5% if you make regular monthly deposits. How much should you deposit each month to end up with $84,000 in 4 years?