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Acme Annuities recently offered an annuity that pays 7.5 %compounded monthly. What equal monthly deposit should be made into this annuity in order to have

Acme Annuities recently offered an annuity that pays 7.5 %compounded monthly. What equal monthly deposit should be made into this annuity in order to have $ 85,000

8 years?

The amount of each deposit should be $

.

(Round to the nearest cent.)

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