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Home Q & A Board Science-Related Homework Help Mathematics
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Lada Lada
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6 years ago
Jamal plans to retire in 17 years. He is saving $2000 every start of the month in a retirement savings account paying him a long-term interest of 9% compounded monthly. What will be the size of his payments at the start of each month from the ordinary simple annuity for 20 years following his retirement?
A) $957 836
B) $965 020
C) $8618
D) $8682
E) $2000
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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6 years ago
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3 years ago
thanks
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