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This Question: 4 pts 14 of 20 (8 complete) This Test: 80 Acme Annuities recently offered an annuity that pays 7.8% compounded monthly. What equal

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This Question: 4 pts 14 of 20 (8 complete) This Test: 80 Acme Annuities recently offered an annuity that pays 7.8% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $150,000 in 8 years? The amount of each deposit should be su (Round to the nearest cent.)

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