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On Jasons 25th birthday, he began depositing $1000 at the end of each month into an investment account that pays interest at a nominal rate
On Jasons 25th birthday, he began depositing $1000 at the end of each month into an investment account that pays interest at a nominal rate of 9% compounded monthly, eight years after Jason opened his account, his twin, Hugo, began making deposits to her investment account that pays interest at the same rate. If Jason and Hugo have the same amount of money on their accounts on their 70th birthday, how much does Hugo need to deposit into his account each month?
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