Question: Max wants to save $ 4 0 0 , 0 0 0 to give to the local college. Max decides he can afford to deposit

Max wants to save $400,000 to give to the local college. Max decides he
can afford to deposit $10000 each month into an account which pays 4% monthly. How many full deposits will Max need to make, and what will be the size of the concluding deposit one month after the last full deposit?

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