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Steve wants to start a college fund for his new born daughter. He would like to have $100,000 saved by the time his daughter turns

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Steve wants to start a college fund for his new born daughter. He would like to have $100,000 saved by the time his daughter turns 18. How much will he have to deposit into his college fund every month if he can secure a 5.6% annual interest rate? Round your answer to the nearest cent

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