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Ann plans to save 740 every month for four years so that at the end of the four years she will have exactly enough money to buy her dream car after 18 months of saving she finds a different dream car?
Wiki User
∙ 13y ago
Answer : 1518.00
Explanation:
1) She wanted to save $740 a month for four years (48 month). That is 48*740= 35520.
2)After 18 month , when she already had $13320 (18*740=$13320), she found a new car that is $3984 cheaper.
3)So, the new car costs $35520- 3984 = $31536
4)Since she already have $13320, all she needs is $18216 (31536-13320) to buy the new car.
5)$18216 / 12 month = $1518 needed a month for 1 year to save needed amount.
Wiki User
∙ 13y ago
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