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What equal monthly deposit should be made

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Reference no: EM132569637

Acme Annuities recently offered an annuity that pays 5.4% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $71,000 in 14 ?years?

The amount of each deposit should be ?$

?(Round to the nearest? cent.)

Reference no: EM132569637

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