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What is the size of the monthly deposit

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Question 1: A sum of money is deposited at the end of every month for 10 years at 7.5% compounded monthly. After the last deposit, interest for the account is to be 6% compounded quarterly and the account is to be paid out by quarterly payments of $4,800 over six years. What is the size of the monthly deposit?

Reference no: EM132588125

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