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10. Yeran needs $45,000 to buy a car in 4 years. He plans to make...

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Accounting

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10. Yeran needs $45,000 to buy a car in 4 years. He plans to make monthly deposits at the beginning of each month for 4 years. The bank pays interest at 4.5% p.a. effective. How much is the monthly deposit? (Correct to the nearest cent.)

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