Question Watch Video Show Examples Kiran is saving money and plans on making monthly contributions into an account earning an annual interest rate of 4.2% compounded monthly. If Kiran would like to end up with $89, 000 after 11 years, how much does he need to contribute to the account every month, to the nearest dollar? Use the following formula to determine your answer. (1+in - 1 A =d A = the future value of the account after n periods d = the amount invested at the end of each period 2 = the interest rate per period n = the number of periods Answer Attempt 1out of 2