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    Annuity

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    Cathy is saving for her retirement by putting $325 each month into an ordinary annuity. If the annuity is expected to pay an annual interest rate of 8.5%, how much will she save for her retirement in 30 years?

    © BrainMass Inc. brainmass.com June 3, 2020, 5:53 pm ad1c9bdddf
    https://brainmass.com/business/annuity/annuity-41296
    $2.19

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