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Lada Lada
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6 years ago
Siri plans to retire when her simple annuity savings account has enough money to receive $10 000.00 per month for twenty years starting at the end of the first month after her retirement. She starts saving $4420 per month. Calculate when should Siri retire from today if her savings account pays 4.9% compounded monthly.
A) 18 years
B) 216 years
C) 2.41 year
D) 1.41 years
E) 36 years
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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