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6. (*) A bank account is giving 4% interest per annum compounded monthly to savers, and a cus- tomer wishes to deposit into the bank
6. (*) A bank account is giving 4% interest per annum compounded monthly to savers, and a cus- tomer wishes to deposit into the bank account a fixed amount each month in order to accumulate a total sum of $10,000 at the end of five years. Determine how much should be deposited each month. hint: 1+a+a + a +...ta 1-460 for a #1. 1-a
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