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10. Kurt wants to have $35,000 in an investment account 4 years from now. The account will pay 1 percent interest per month, compounded monthly.

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10. Kurt wants to have $35,000 in an investment account 4 years from now. The account will pay 1 percent interest per month, compounded monthly. If he deposits money at the end of every month, how much will he have to save each month to reach his goal? Assume he has nothing in the account now and saves the same amount each month. Show calculations or calculator inputs

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