Business, 14.04.2020 23:50 2643050

The Flores Family loves to go sailing on the weekends. Mr. Flores has decided to purchase a more spacious sailboat. The sailboat he is interested in buying in 4 years will cost him $20,000. An account at Invest Well Bank earns 6% per year compounded monthly. How much should Mr. Flores deposit in this account at the beginning of each month to be able to pay cash for the sailboat in 4 years?

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The Flores Family loves to go sailing on the weekends. Mr. Flores has decided to purchase a more spa...

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