Question: Annuity - Future Value. Tim needs $100,000.004 years from today for his postgraduate degree. If his investment pays 12.00% interest compounded monthly, how much should

Annuity - Future Value. Tim needs $100,000.004 years from today for

Annuity - Future Value. Tim needs $100,000.004 years from today for his postgraduate degree. If his investment pays 12.00% interest compounded monthly, how much should he save each month (round to nearest the cent)? a. $1,743.62 b. $62,026.04 c. $1,633.38 d. $1,653.69

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