You want to purchase a new car in 7 years and expect the car to cost $6000. Your bank offers a plan with a guaranteed AP

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answerhappygod
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You want to purchase a new car in 7 years and expect the car to cost $6000. Your bank offers a plan with a guaranteed AP

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You want to purchase a new car in 7 years and expect the car tocost $6000. Your bank offers a plan with a guaranteed APR of 5.5%if you make regular monthly deposits. How much should you depositeach month to end up with ​$6000 in 7 ​years?
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