Answered

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Assume that you are starting a retirement annuity that pays 4.5% annual interest compounded monthly. You
plan to make equal monthly deposites for 25 years. What is the monthly deposit that will give you an account
worth $1,760,000 in 25 years?
um
Discover
The monthly deposit is $
Round to the nearest cent.

Sagot :

Answer:

$70, 400

Step-by-step explanation:

1760000 / 25 is the number stated above

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