Question: Solution to this accounting problem please show work. Thanks in advance. Sarafina is making monthly payments into an annuity. She wants to have $300 in

Solution to this accounting problem please show work. Thanks in advance. Solution to this accounting problem please show work. Thanks in advance. Sarafina

Sarafina is making monthly payments into an annuity. She wants to have $300 in the fund to buy a new convection range in nine months, and the account pays 8.4% annual interest. What are her monthly payments to the account? To have $300 in the fund in nine months, her monthly payments must be $L Round the final answer up to the nearest cent as needed. Round all intermediate values to six decimal places as needed)

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