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What monthly deposits should be made into a savings account paying interest at 8 . 0 % y earcompoundedmonthly in order to accumulate $ 2

What monthly deposits should be made into a savings account paying interest at

8.0 \frac{%}{y}

earcompoundedmonthly in order to accumulate $

250000

at the end of

14

years?

(

Enter the value only; do NOT add a $ sign.

)

Answer:

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