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Identify the future value S, the regular payment R, the interest rate per period i, and the number of periods n for each of the following annuity examples 4. Starting with the birth of their child, a family 5. A student deposits $150 each month in an sets aside $400 each year in a college fund. If account that earns 3% interest. After 6 years, the account earns 5% interest each year, it the account is worth $11,817. will be worth $11,253 when the child is 18. 6. A company establishes a sinking fund to cover planned maintenance, budgeting for $50,000 in 10 years. This fund will require payments of $1018 each quarter in an account that earns 4.1% interest