In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. What is the necessary amount

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In Problems 20-52:

a. State the type; and \(\mathbf{b}\). Answer the question.

What is the necessary amount of monthly payments to an account paying \(1.8 \%\) compounded monthly in order to have \(\$ 100,000\) in \(8 \frac{1}{3}\) years if the deposits are made at the end of each month?

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