Question: John would like to have $ 2 5 0 0 0 in 5 years. If he invests in an annuity earning 4 % compounded monthly,

John would like to have $25000 in 5 years. If he invests in an annuity earning 4% compounded monthly, how much should he deposit per month to reach his goal?
$377
$380
$393
$407
John would like to have $25000 in 5 years. If he

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