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Rosalie and Jayden are purchasing a home. They wish to save money for 1 0 1 0 years and purchase a house that has a

Rosalie and Jayden are purchasing a home. They wish to save money for 10
10
years and purchase a house that has a value of $200,000
$
200,000
with cash. If they deposit money into an account paying 6%
6
%
interest, compounded monthly, how much do they need to deposit each month in order to make the purchase? Round your answer to the nearest cent, if necessary.

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