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Acme Annuities recently offered an annuity that pays7.2% compounded monthly. What equal monthly deposit should be made into this annuity in order to have$181,000 in
Acme Annuities recently offered an annuity that pays7.2% compounded monthly. What equal monthly deposit should be made into this annuity in order to have$181,000 in 10 years?
(Round to the nearestcent.)
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