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Mary is planning for her retirement, 5 years from now. Her bank quotes her a 7 % annual interest rate if she will add a
Mary is planning for her retirement, years from now. Her bank quotes her a annual interest rate if she will add a new money deposit at the end of every month for the next years, the same dollar amount each month. Mary's goal is to have $ in in her bank account at the end of the years. What dollar amount must she deposit each month to achieve her goal? Show your work.
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