## Question

###### Jasica Parker would like to have $84,000 to buy a new car in 7years. To accumulate $84,000 in 7 years, how much should sheinvest monthly in a sinking fund with 3% interestcompounded monthly?

Jasica Parker would like to have $84,000 to buy a new car in 7 years. To accumulate $84,000 in 7 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly?

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