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A graduating high school student decides to take two years off and work to save money for college. The student plans to invest all money earned in a savings account earning 8% (APR) interest, compounded quarterly. The student hopes to have $ 48,000 by the time school starts in 24 months. How much money will the student have to save each month? a) $1,808 b) $1,852 c) $1,864 d) $1,961
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