The present value of 50,000 to be paid in two years is 42,084. Beginning-of-month deposits are made in an account that earns the same effective rate of interest, which will accumulate to 50,000 in two years. Find the effective rate of interest for the account, the nominal monthly rate of interest and the monthly payment. i: (12); Monthly payment: Note: To calculate the payment, you should use a 24 period annuity using the monthly effective rate of (12) interest (i.e. j = :). 12 Please show your work below