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Forty eight monthly deposits are made into an account paying 3% nominal interest compounded monthly. If the objective of these deposits is to accumulate $140,000

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Forty eight monthly deposits are made into an account paying 3% nominal interest compounded monthly. If the objective of these deposits is to accumulate $140,000 by the end of fourth year, what is the amount of each deposit? Ltfen birini sein: A. $3,144 B. $3,016 C. $2,798 D. $2,917 E. $2,744

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