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4. Maria and John decide to save for retirement with an annuity. Answer each of the following questions separately, showing a
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Answer #1

- X Fax 4(A) monthly payment total months monthly interest rate total value of this annuity at the end of 30 years total amou

for formulas and calculations, refer to the image below -

X fx 4 (A) monthly payment 200 total months =30*12 monthly interest rate =1.5%/12 total value of this annuity at the end of 3

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