Monthly payments of $50 were deposited at the end of each month for five years. The account earned 6.6% compounded monthly. Determine the balance three years after the last deposit. Determine the size of the deposits hecued. 52019.21) 6. A loan of $3800 will be paid off with 36 monthly payments beginning four years from now. If the interest rate on the loan is 9% compounded monthly, determine the size of the payments. 7 Antire has $450 000 in an account which earns 5.5% comnaunded annually. He wante ta recente 20 annual