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Home Q & A Board Science-Related Homework Help Mathematics
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Hillier Hillier
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6 years ago
Jamal plans to retire in 17 years. He is saving $2000 every month in a retirement savings account paying him a long-term interest of 9% compounded monthly. What will be the size of his payments per month from the ordinary simple annuity for 20 years following his retirement?
A) $957 836
B) $1434
C) $8618
D) $333
E) $2000
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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6 years ago
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3 years ago
thank you
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