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Please let me know how and what formula I should put in the excel sheet (d) You would like to have $1,000 next Christmas to
Please let me know how and what formula I should put in the excel sheet
(d) You would like to have $1,000 next Christmas to buy presents. Your plan is to deposit a certain amount of money on the 3rd of each month in an account earning 0.25% per month. You plan to open your account on January 3 with your first deposit. You plan to make your last deposit on November 3 (11 deposits in all). You will close the account on December 2 after you receive the interest for the month. How much do you need to deposit each month? Goal: Rate: \# deposits: Amount to deposit each monthStep by Step Solution
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