document.write( "Question 1132676: In 7 years I want to buy a car which most likely will cost 40,000.00. The bank offers an APR of 4.5%. How much monthly deposits I will need to make to come up with 40,000.00? \n" ); document.write( "

Algebra.Com's Answer #749780 by MathTherapy(10552) $\"\"$ $\"About$

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In 7 years I want to buy a car which most likely will cost 40,000.00. The bank offers an APR of 4.5%. How much monthly deposits I will need to make to come up with 40,000.00?
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Correct answer: You need monthly deposits of  in order to accumulate $40,000 in 7 years.
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