Rose wants to buy a second home that will eventually become her retirement

Rose wants to buy a second home that will eventually become her retirement
home and does not want a mortgage to finance this second home. She plans to spend approximately $122,406 in 11 years on this purchase. She has two zero-coupon bonds that mature in 11 years each with cash values of $1,537.77 and face values of $2,500. In 11 years, she will use them as part of her $122,406. What is Rose’s required monthly deposit at the beginning of each month in order to accumulate the $122,406 she needs to buy her home at an assumed interest rate of 8.55% on her investment?

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