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Lisa Goodman would like to know how much money will be in her retirement account in 30 years when she reaches age 60.

Assume the total deposit into her retirement account is $300 at the end each month and that her account earns 6% interest compounded monthly. Find the value of the annuity at the end of 30 years.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92808254

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