Question: Determine the monthly payments required to accumulate a future value of $40 000 in four years, if the payments earn 5% interest per annum, compounded

Determine the monthly payments required to accumulate a future value of $40 000 in four years, if the payments earn 5% interest per annum, compounded monthly How much interest is earned over the duration of the annuity? $ 754.51 $ 3.783.52 $36,216.48 $ 37.835.21 $ 40,000.00

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