Multiple Choice
The Martin family has decided to save up for a new swimming pool. They want to save $14,000 in four years. They find a savings account for which interest was compounded monthly at 7.6%. How much will they have to deposit each month to meet this goal?
A) $250.49
B) $308.33
C) $517.25
D) $612.11
Correct Answer:
Verified
Correct Answer:
Verified
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