A sum of money is deposited at the end of every month for 9 years at 8.5% compounded monthly. After the last deposit, interest for the account is to be 8.1% compounded quarterly and the account is to be paid out by end-of-quarter quarterly payments of $1800.00 over 7 years. What is the size of the monthly deposit?

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The Answer of A sum of money is deposited at the end of every month for 9 years at 8.5% compounded monthly. After the last deposit, interest for the account is to be 8.1% compounded quarterly and the account is to be paid out by end-of-quarter quarterly payments of $1800.00 over 7 years. What is the size of the monthly deposit?

A Sum of Money Is Deposited at the End of Every