Dr.Russell wants to buy an expensive car which will cost $74,000 four years from today.He would like to set aside an equal amount at the end of each month in order to accumulate the amount needed.He can earn a 7% annual return.How much should he set aside?

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The Answer of Dr.Russell wants to buy an expensive car which will cost $74,000 four years from today.He would like to set aside an equal amount at the end of each month in order to accumulate the amount needed.He can earn a 7% annual return.How much should he set aside?

DrRussell Wants to Buy an Expensive Car Which Will Cost