In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. The Fair View Market must
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In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
The Fair View Market must be remodeled in 3 years. It is estimated that remodeling will cost \(\$ 200,000\). How much should be deposited now (to the nearest dollar) to pay for this remodeling if the account pays \(1.2 \%\) compounded monthly?
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