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Determine the monthly payments required to accumulate a future value of $40 000 in four years, if the payments earn 5% interest per annum, compounded

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Determine the monthly payments required to accumulate a future value of $40 000 in four years, if the payments earn 5% interest per annum, compounded monthly. How much interest is earned over the duration of the annuity? $ 754.51 $ 3,783.52 $36.216.48 $ 37.835.21 $ 40,000.00

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