• Larry wants to have $500,000.00 in 20 years. He found an annuity that is paying 3% with monthly compounding.
• 
  
• .Assume the interest rate remains the same while the account is open. Round all answers to the nearest cent.
• 1. How much should be deposited each month?
• 2. He decides he can only afford $1,200.00 each month. How much will he deposit, in total?
• 3. What will the future account balance be?
• 4. How much interest, in total, will be earned?
•