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Compubank, an online banking service, offered a money market account with an APY of 1 . 5 5 1 % . ( A ) If

Compubank, an online banking service, offered a money market account with an APY of 1.551%.
(A) If interest is compounded monthly, what is the equivalent annual nominal rate?
(B) If you wish to have $10,000 in this account after 4 years, what equal deposit should you make each month?
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