Heather wants to accumulate $4000 for a trip to Europe one or two years from now. Her investment account earns 6% compounded monthly. What amount must she deposit at the beginning of each month to reach the target in:
a) one year?
b) two years?

Question

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The Answer of Heather wants to accumulate $4000 for a trip to Europe one or two years from now. Her investment account earns 6% compounded monthly. What amount must she deposit at the beginning of each month to reach the target in:
a) one year?
b) two years?

Heather Wants to Accumulate $4000 for a Trip to Europe