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Please answer to the question so that the intermediate steps are easily understandable in the calculations. Here is the correct answer: Deposit amount = 202,41

Please answer to the question so that the intermediate steps are easily understandable in the calculations. Here is the correct answer:

Deposit amount = 202,41.

Please DO NOT use Excel!

How much would Philippa have to save and deposit per month (starting one month from now) if she wanted to have 5,000 in her bank account in 2 years? The stated annual interest rate on the deposit is 3%, with monthly interest payments

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