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Jessica wants to accumulate $ 1 5 , 0 0 0 by the end of 4 years in a special bank account, which she had
Jessica wants to accumulate $ by the end of years in a special bank account, which she had opened for this purpose. To achieve this goal, Jessica plans to deposit a fixed sum of money into the account at the end of the month over the year period. If the bank pays interest at the rate of per year compounded monthly, how much does she have to deposit each month into her account? Round your answer to the nearest cent.
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