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Acme Annuities recently offered an annuity that pays 3.6% compounded monthly. What equal monthly deposit should be made into this annuity in order to have

Acme Annuities recently offered an annuity that pays 3.6% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $107,000 in 16 years?

(Round to nearest cent)

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