Henry has always dreamed of opening a caf by the seaside. He decides he will save to help open the caf by depositing money in an ordinary annuity that earns 7.8% interest, compounded monthly. Deposits will be made at the end of each month. How much money will he need to deposit into the annuity each month for the annuity to have a total value of $24,000 after 9 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. S X

Hency has always dreamed of opening s cafe by cie easide. He decides he will save to help open the cafd by depositing money in an ordinary annuity that corns 7.8 . How much money will he need to deposit into the annuty each month for the annuity to have a total value of $24,000 after 9 vears? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, reter to the liat of financaliformulas