Howard is saving for a long holiday. He deposits a fixed amount every month in...
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Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 7.8%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $15,000 in the account in two years' time? O A. $930 OB. $813 OC. $581 OD. $465
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