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Acme Annuities recently offered an annuity that pays 4.8% compounded monthly. What equal monthly deposit should be made into this annuity in order to have
Acme Annuities recently offered an annuity that pays 4.8% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $184,000 in 19 years?
The amount of each deposit should be $____
.
(Round to the nearestcent.)
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