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Option B Your goal is to create a fund for someone close to you. Suppose you found a plan that offers an APR of 2

Option B
Your goal is to create a fund for someone close to you. Suppose you found a plan that offers an APR of 2.45% on your savings. How much should you deposit monthly to accumulate $150,000 in 25 years? For simplicity, assume monthly payments and compounding. Show all work.
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