Eduardo wants to be able to purchase a dream car for about $19,000 on January 1, 2008, just after he graduates from college. He has a part time job and started making deposits of $275 each month into an account that pays 9% compounded monthly beginning with the first deposit on February 1, 2003. The last deposit is to be made on January 1, 2008. Determine how much money he would have saved to buy the car.
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Eduardo wants to be able to purchase a dream car for about $19,000 on January 1, 2008, just after he...
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