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Find the effective monthly interest i and the 3. Bob saved a 30-year annuity of $1,000,000. The investment company pays annual percent yield 5% compounded

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Find the effective monthly interest i and the 3. Bob saved a 30-year annuity of $1,000,000. The investment company pays annual percent yield 5% compounded monthly. Bob gets the payment at the eno of each month. (a) Find the monthly payinent before the last payment. (b) Find the amount of the last payment. (c) What is the value at the end 20 years? Find the effective monthly interest i and the number of ment company pays annual percent yield 5% compounded monthly. Bob gets the payment at the eno feachis month. (a) Find the monthly payment before the last payment. (b) Find the amount of the last payment. (c) What is the value at the end 20 years

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