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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 $ 128,000 in 18 years?
The amount of each deposit should be ?
374.12.this is the answer I keep coming up with don't know what I am doing wrong.
(Round to the nearest cent.)
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