Michelle wants to have a $16,000 down payment when she buys a new car in 6 years. How much money must she deposit at the end of each quarter in an account paying 2.4% compounded quarterly so that...

Michelle wants to have a $16,000 down payment when she buys a new car in 6 years. How much money must she deposit at the end of each quarter in an account paying 2.4% compounded quarterly so that she will have the down payment she desires? She must deposit $ ◻️at the end of each quarter. (Round up to the nearest cent.)

Jun 03, 2022
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