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You want to receive $425 at the end of each month for 4 years. Interest is 4.1% compounded monthly. (a) How much would you have

You want to receive $425 at the end of each month for 4 years. Interest is 4.1% compounded monthly.

(a) How much would you have to deposit at the beginning of the 4-year period?

(b) How much of what you receive will be interest?

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