Find the amounts indicated the monthly deposits necessary

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Find the amounts indicated.

1. The monthly deposits necessary to accumulate $12,000 after 5 years in an account earning 4.75% compounded monthly.

2. The monthly withdrawls possible over 5 years from an account earning 4.75% compounded monthloy and starting with $6,000

Show all work. The answer for #1 is $177.58 and #2 is $112.54 just dont know how to get the answers.

Reference no: EM13640749

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