Find the future value of an annuity with $250 deposited monthly at 5% compounded monthly for a period of 5 years. And calculate the amount of interest earned on this account.

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# Find the future value of an annuity with $250 deposited monthly at 5% compounded monthly for a period of 5 years. And calculate the amount of…

Find the future value of an annuity with $250 deposited monthly at 5% compounded monthly for a period of 5 years. And calculate the amount of interest earned on this account.