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The parents of a 3-year old child decide they need to start saving for their child's college fund. They want to have $19,000 in the

The parents of a 3-year old child decide they need to start saving for their child's college fund. They want to have $19,000 in the fund in 15 years. The fund has an APR of 3.1%. What monthly deposit is required? Round your answer to the nearest cent.

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