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I have $4,200 in an account that pays a nominal rate (i.e. APR) of 12%. I would like to make monthly payments so that in

I have $4,200 in an account that pays a nominal rate (i.e. APR) of 12%. I would like to make monthly payments so that in 23 years i will have $160,000. How much should each of these payments be? SHOW YOUR WORK AND EXPLAIN EACH PROCESS

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