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In 8 months, Robert plans to vacation in Asia and he needs to have 13757 dollars in his bank account upon departure. Given that Robert's
In 8 months, Robert plans to vacation in Asia and he needs to have 13757 dollars in his bank account upon departure. Given that Robert's bank account yields 2% per month and that his current balance is 2532 dollars, he is trying to figure out how much he needs to save every month in order to achieve his goal (10 equal deposits at the end of each month). As he never attended a finance course, he wants your advice. How much does Robert need to deposit at the end of every month? (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)
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