5. Alexa is saving for a new car. They will need $8,000, and want to...
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5. Alexa is saving for a new car. They will need $8,000, and want to have the money saved 5 years from now. a. (2 pts) If the bank offers 3% APR compounded weekly, how much will Alexa need to deposit today in order to reach their savings goal? b. (2 pts) Instead, how much would you need to deposit each month to reach this savings goal if the bank offers 2.5% APR
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