Saving for a car or home in installments: Suppose you have $10,000 to put in a savings account
now and in addition you hope to put in more money each month for the next 5 years. Investigate
bank interest rates to find the best possible savings interest rate near you compounded at a
monthly rate. Look up information on annuity and sinking funds. Figure out how much you will
need to put in the account each month for the next 5 years to have $25,000 in the account at the
end of the 5 years
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