Tony plans to buy a car 3 years from now. from today. He estimates that...

Name: Tony plans to buy a car 3 years from now from today He est
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Accounting

Tony plans to buy a car 3 years from now. from today. He estimates that the car will cost $20,000 DOLLARS on the date he thinks about it. buy (3 years ahead).  Given that you have the possibility of opening an account in Nogales ARIZONA, how much must save monthly IN DOLLARS TO accumulate at the end of the 3 years the amount of the car?, consider a monthly rate of 0.1%. At the end of year 1, you decide to change your savings INTO PESOS at an exchange rate of $18 pesos per dollar, and invests his savings in the BANK OF WELFARE (Nogales SONORA branch). Of How much should your new monthly payment be in PESOS to accumulate the amount of the car? Consider a monthly rate in pesos of 0.5%.

car dollars 20,000.00 360,000.00 monthly savings dollars- 545.89 savings per year 1 6,586.87 118,563.63 savings target 2133,640.16 226,359.84 monthly savings pesos8,900.6

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