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a) Suppose the interest rate is 6.6% per year compounded monthly. Compute the amount Sarah must deposit in an account today so that she can

a) Suppose the interest rate is 6.6% per year compounded monthly. Compute the amount Sarah must deposit in an account today so that she can pay herself $350 per month for the next eleven years.

b) How much must Sarah deposit today if she wants to pay herself at the beginning of each month?

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