Potter Fernandez
03/23/2023 · Junior High School
8. During her free time, Sophia runs a small online business selling handmade jewelry. She deposits \( \$ 150 \) at the end of each month into an account that earns \( 4 \% \) interest, compounded monthly. How many monthly deposits will Sophia need to make to accumulate \( \$ 6,000 \) in the account?
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Sophia needs to make approximately 156 monthly deposits of $150 each to accumulate $6,000 in the account.
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