Jessica wants to accumulate $10,000 by the end of 5 yr 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 5-yr period. If the bank pays interest at the rate of 7% per year compounded monthly, how much does she have to deposit each month into her account? (Round your answer to the nearest cent.) Need Help? Read It 10. (0/0.07 Points] DETAILS PREVIOUS ANSWERS TANAPMATH5 4.3.030. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER The management of Gibraltar Brokerage Services anticipates a capital expenditure of $24,000 in 2 yr for the purpose of purchasing new computers and has decided to set up a sinking fund to finance this purchase. If the fund earns interest at the rate of 10%/year compounded quarterly, determine the size of each (equal) quarterly installment that should be deposited in the fund. (Round your answer to the nearest cent.)