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TVs R Yours is advertising a deal, in which you buy a flat-screen TV/entertainment package for $1,205 (including tax) one year before you need to

TVs R Yours is advertising a deal, in which you buy a flat-screen TV/entertainment package for $1,205 (including tax) one year before you need to pay (no interest is incurred if you pay by the end of the one year). How much would you need to deposit at the end of each month in a savings account earning 0.9% APR (NOT 9%), compounded monthly, to be able to pay the $1,205 bill in one year?

Monthly Deposit:_______

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