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An enterprise will need 150'000 TL to renew its fixtures after 9 years. The bank with which the business has an agreement operates 10% monthly.

An enterprise will need 150'000 TL to renew its fixtures after 9 years. The bank with which the business has an agreement operates 10% monthly. In this case, what amount of money is deposited into this account at the end of each month at the end of each month, after 9 years, 150'000 TL will accumulate in the account and the fixtures can be renewed?

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