Multiple Choice
The Chavez family has decided to save up for a new spa. They want to save $10,000 in five years. They find a savings account for which interest was compounded monthly at 8.2%. How much will they have to deposit each month to meet this goal?
A) $54
B) $97
C) $135
D) $256
Correct Answer:
Verified
Correct Answer:
Verified
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