Ms. Parker would like to have $7,000 to buy a new car in 4 years....
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Finance
Ms. Parker would like to have $7,000 to buy a new car in 4 years. To accumulate $7,000 in 4 years, how much should she invest monthly in a sinking fund with 3% interest compounded monthly?
The monthly invested payment is: $ ?
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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