Question
23 January 2018 was Monica's 20th birthday. After talking with some friends at her birthday lunch, she decided she needed to open a savings account
23 January 2018 was Monica's 20th birthday. After talking with some friends at her birthday lunch, she decided she needed to open a savings account immediately, with the goal of having $10,000 in the account on her 21st birthday. She intends to reach this goal by depositing the same amount on the 23rd of every month from today up to and including her 21st birthday. The savings account pays interest of 6% pa, payable monthly. The amount she should deposit each month is closest to: (may i have the workings too pls, thank you)
(A) $746.42
(B) $750.15
(C) $762.16
(D) $860.66
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