You want to have $120,000 in an account after 40 years for your retirement. Your investment counselor suggests that you make regular, monthly deposits into an annuity that pays 4.25% interest compounded monthly. Find the amount that must be deposited monthly, rounded to the nearest cent. Periodic Deposit: P=. 11 1) $40.95 2) $68.39 3) $288.90 4) $9534