Monthly deposits are made into an account paying 68 nominal


Monthly deposits are made into an account paying 6.8% nominal interest compounded monthly. If the objective of these deposits is to accumulate at least $95,000 by the end of the 5th yr, what is the smallest amount of each deposit that will accomplish that end?

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Financial Accounting: Monthly deposits are made into an account paying 68 nominal
Reference No:- TGS01002378

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