Mathematics, 14.04.2020 18:00, garrowe96

John got a part time weekend job at a local restaurant to save for a new car. He plans on depositing $120 per month for the next 3 years in a savings account with a rate of 5% per year compounded monthly. How much will he have saved toward his down payment at the end of the 3 year period?

a) $4,620.40b) $4,610.40c) $4,660.40d) $4,670.40e) $4,650.40

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John got a part time weekend job at a local restaurant to save for a new car. He plans on depositing...