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I have $5000 and want to triple my money in 10 years. I am depositing money into my account every month. The bank pays me
I have $5000 and want to triple my money in 10 years. I am depositing money into my account every month. The bank pays me 1.2% APR with monthly compounding. How much should I deposit each month (starting from next month) into this account?
Please explain and show on a financial calculator if possible.
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