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A moving company would like to purchase a trailer in 2 years, which the CEO estimates the trailer will cost about $7,500. After negotiations, they

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A moving company would like to purchase a trailer in 2 years, which the CEO estimates the trailer will cost about $7,500. After negotiations, they are able to open a savings account with 4% interest compounded monthly. They only need to decide if they will deposit money every month or if they will make a single deposit. Question 9 4 pts If the company decides to deposit money every month, how much would they need to deposit every month to reach their goal? (You do not need to include units, but you must round appropriately.)

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