Question: Please show work. Thanks! 3. Tyrell is starting high school next year, and his family is thinking about an annuity to save money for college.

Please show work. Thanks!

3. Tyrell is starting high school next year, and his family is thinking about an annuity to save money for college. A bank is offering an annual 7.2% annuity compounded monthly for four years. What is the monthly amount their family should invest to save at least $11,000

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