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The maintenance and operations costs for a piece of equipment are estimated to be $ 8 0 0 the first month and increase by $
The maintenance and operations costs for a piece of equipment are estimated to be $ the first month and increase by $ per month over the equipment's year life. For budgeting purposes, the owner wants to set aside a uniform amount each month to cover the maintenance and operations costs of the equipment. If the owner can invest at per year, compounded monthly, what amount should he invest each month? Express your answer in $ to the nearest $
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