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Acme Annuities recently offered an annuity that pays 6.9% compounded monthly. What equal monthly deposit should be made into this annuity in order to have
Acme Annuities recently offered an annuity that pays 6.9% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $115,000 in 14 years? The amount of each deposit should be $ (Round to the nearest cent.)
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