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An individual wishes to build up $ 15,000 in capital by December 31, 2022. For this, at the end of each month, from May 31,
An individual wishes to build up $ 15,000 in capital by December 31, 2022. For this, at the end of each month, from May 31, 2021 until November 30, 2022 inclusive, he will deposit a constant amount into an account. If the interest rate on the account is 18%, capitalized monthly, what should be the value of the amount paid at the end of each month?
A. $ 678.01
B. $ 648.69
C. $ 688.18
D. $ 698.50
E. $ 658.42
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