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On June 1,2025 , a person needs $18200. The person will make equal monthly deposits to an account which earns 11.75% compounded monthly. If the
On June 1,2025 , a person needs $18200. The person will make equal monthly deposits to an account which earns 11.75% compounded monthly. If the first deposit is made on June 1,2010 and the last deposit is made on May 1 , 2025, find the size of the required monthly deposits (rounded up to the next cent) in order to have the $18200 on June 1,2025. $
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