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A young executive deposits $400 at the end of each month for 7 years and then increases the deposits. If the account earns 7.2%...Question
A young executive deposits $400 at the end of each month for 9 years and then increases the deposits. If the account earns 6%, compounded monthly, how much (to the nearest dollar) should each new deposit be in order to have a total of $400,000 after 25 years?
Thank you for your help.
Thank you for your help.
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tommy gun
234