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Kathy plans to vacation in Europe 10 months from now and needs 10,093 dollars in her bank account upon departure. Kathy already has 2,574 dollars
Kathy plans to vacation in Europe 10 months from now and needs 10,093 dollars in her bank account upon departure. Kathy already has 2,574 dollars in her account today and the bank account has an interest rate of 3% per month. How much money does Kathy need to deposit into her account at the end of each month in order to achieve her goal (10 equal deposits at the end of each month)? (note: round your answer to two decimal places; do not include spaces or dollar signs.)
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