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You are saving for a new bicycle and hope to have $2000 two years from today. You have $1000 in your bank account today. If

You are saving for a new bicycle and hope to have $2000 two years from today. You have $1000 in your bank account today. If the bank pays 6% APR with monthly compounding, how much would you have to deposit every month beginning one month from today in order to have $2000 in your bank account two years from today. 1 (round to the nearest dollar)

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