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Sam would like to have $8,000 to buy a used car in four years from now. she has a savings account that has a rate of 2.80% compounded monthly. if sam deposits a fixed amount each month how much should that be to reach the goal of $8000? round your answer to two decimal places?

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Sam would have to deposit $7163.37 each month to reach the goal of $8000 in four years.
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