FINANCE-You want to accumulate $2,000,000 over the next 10 years

You want to accumulate $2,000,000 over the next 10 years. You intend to do this by making deposits of X into an investment account at the end of each month, for 30 years. The account earns i(4) = 12%. Find X.A 40 year annuity pays 500 dollars semiannually. The interest rate is convertible monthly, i(12)=10%.. Find the present value of the annuity 12 months prior to the first payment.

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