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beech
Questions (3)
Suppose a retiree wants to buy an ordinary annuity that pays her $2,000 per month for 20 years. If the annuity earns interest at
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1. Suppose Mary deposits $200 at the end of each month for 30 years into an account that pays 5% interest compounded monthly.
a.
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3. Suppose a student wants to be a millionaire in 40 years. If she has an account that pays 8% interest compounded monthly, how
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