How much should she save each month for three year

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Reference no: EM133983672

Problem

A college student wants to budget the cost of a pet she wants to adopt when she graduates in 3 years. She wants to know how much to save each month for the 3 years to be able to cover the initial adoption fees, vet fees, food and materials estimated to cost $1,100 in 3 years. Get the instant assignment help. If she can save the money each month in a high interest savings account at 4% per year, earning interest monthly, how much should she save each month for 3 years?

Reference no: EM133983672

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