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Barry wishes to save $15,000 for a holiday in 2 years' time. Twenty-four equal monthly deposits will be made into an account, the first deposit

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Barry wishes to save $15,000 for a holiday in 2 years' time. Twenty-four equal monthly deposits will be made into an account, the first deposit being made immediately. The account earns interest at 7% p.a. compounding monthly. What is the size of his monthly deposit? Select one: a. $580.70 b. $600.44 c. $589,63 d. $581.79

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