Question: Please answer the question on paper , and show all of the steps for the answer. You would like to have accumulated $20,000 after five

Please answer the question on paper , and show all of the steps for the answer.

You would like to have accumulated $20,000 after five years. If you can get 5% per annum compounding monthly, how much must you deposit monthly in order to achieve this goal if the fund already contains $10,000 at the start

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