Question: Please answer as a text not an image 7. Dave wants to take a year off work and has determined to accumulate enough savings to

Please answer as a text not an image

7. Dave wants to take a year off work and has determined to accumulate enough savings to be able to withdraw $1500/month during that year. He has 4 years to accomplish this goal and can earn 4 % interest on his savings. How much does he need to deposit each month to achieve this goal?

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