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In order to accumulate $ 2 , 0 0 0 , you will deposit $ 1 0 0 at the end of each month for

In order to accumulate $2,000, you will deposit $100 at the end of each month for as long as necessary. Interest is i(12)=4%.(a) How many regular payments are required to accumulate the $2,000?[Keep in mind that the last of these regular payments will include the $100 plus an additional fractional amount thats less than $100 to reach $2,000 exactly.](b) Compute how much the fractional payment needs to be.

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