3 Calculate the future value of a series of monthly payments of $200 invested at 3% interest rate for 36 months. 3. Calculate the present value of an amount needed to invest in an annuity that will provide $1,000 a month for 20 years at 3% interest rate. PV \begin{tabular}{lr} 1 & 3% \\ term & 20 \\ \hlineV & 1,000 \end{tabular}