Camden is saving money and plans on making monthly contributions into an account earning a monthly interest rate of 0.525%. If Camden would like to end up with $26, 000 after 6 years, how much does he need to contribute to the account every month, to the nearest dollar? Use the following formula to determine your answer.
A=d( (1+i)ⁿ-1/(i))
A= the future value of the account after n periods
d= the amount invested at the end of each period
i= the interest rate per period
n= the number of periods
