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5. We wish to accumulate a fund of $60,000 by making regular deposits of $1,525 at the end of each month for as long as

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5. We wish to accumulate a fund of $60,000 by making regular deposits of $1,525 at the end of each month for as long as is necessary. If the annual rate of interest is 6% compounded monthly, how many regular deposits will be necessary and find the final deposit to be made one month after the last regular deposit

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