Question: Select the correct way to solve / type of problem given in each question. Question 5 1 pts Lucas withdraws $ 1 , 5 0

Select the correct way to solve/type of problem given in each question.
Question 5
1 pts
Lucas withdraws $1,500 monthly from an account that had an initial deposit of $20,000 and is earning 7.5% interest compounded monthly. How much is in the account after 3 years?
periodic compound interest
loan amortization
present value of an annuity
future value of an annuity
Select the correct way to solve/type of problem given in each

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