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4. What equal monthly payments would have to be made into an annuity 3% compounded monthly in order to have $100,000 after 10 years? 5.

4. What equal monthly payments would have to be made into an annuity 3% compounded monthly in order to have $100,000 after 10 years? 5. In problem 4, how much interest was earned in the second year? (You might need this for tax purposes)

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