Question: Please answer in full detail and solution 4. Niki needs $15,200 for university tuition when she graduates from high school in 4 years. She plans

Please answer in full detail and solution

4. Niki needs $15,200 for university tuition when she graduates from high school in 4 years. She plans to make deposits into an account that earns 6% per year, compounded monthly. a. How much will she need to deposit each monthly to reach her goal? [4] b. How much interest will she earn over the for yearpenod?[1]

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