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An Auto Shop wishes to accumulate a fund of $550,000 during the next 3 years in order to open at a second location. At the

An Auto Shop wishes to accumulate a fund of $550,000 during the next 3 years in order to open at a second location. At the beginning of each month, a fixed amount will be invested in a money market savings account that will earn 5.4% compounded quarterly. What should the monthly investment be in order to reach the savings objective?

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