Janine is 21 years old. she opens an account that pays 4.4% interest, compounded monthly. she sets a goal of saving $10,000 by the time she is 24 years old. how much must she deposit each month?

Future Value=Payment*[ (1+i) ^n-1]/i where i is the interest rate and n is the number of payments. N is 36 (3 years * 12 months per year) and our monthly interest rate is 4.4%/12. Doing the math, 10000=Payment/38.4089665 Payment=260.36