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You need to have $80,000 saved in 10 years. If your account earns 5% compounded monthly, how much would you need to deposit each month to reach your goal? Round answer to the nearest cent.
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You need to have $80,000 saved in 10 years. If your account earns 5% compounded monthly, how much would you need to deposit each month to reach your goal? Round answer to the nearest cent.

User ITayb
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To determine the compound interest on monthly:

User Arjun Kava
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