A year-end bonus of $20,000 will generate how much money at the beginning of each month for the next year, if it can be invested at 6.21%, compounded monthly? (Round your answer to the nearest cent.)...

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Extracted text: A year-end bonus of $20,000 will generate how much money at the beginning of each month for the next year, if it can be invested at 6.21%, compounded monthly? (Round your answer to the nearest cent.) $ 1619.76