Question: On June 1 , 2 0 2 0 , a person needs $ 2 5 2 0 0 . The person will make equal monthly

On June 1,2020, a person needs $25200. The person will make equal monthly deposits to an account which earns 10.5% compounded monthly. If the first deposit is made on June 1,2015 and the last deposit is made on May 1,2020, find the size of the required monthly deposits (rounded up to the next cent) in order to have the $25200 on June 1,2020.

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