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Micheal wants to have $68,000 in 10 years on a savings plan that requires monthly contributions....

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Finance

Micheal wants to have $68,000 in 10 years on a savings plan thatrequires monthly contributions. If he can earn 11 percent APR withmonthly compounding on the savings plan, what is the amount that hewill have to invest every month for the next 10 years? Round it totwo decimal places and do not include the $ sign, e.g.,1234.56.

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