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(1 point) You begin saving for your retirement by investing $ 640 per month in an annuity with a guaranteed interest rate of 9% per

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(1 point) You begin saving for your retirement by investing $ 640 per month in an annuity with a guaranteed interest rate of 9% per year. You increase the amount you invest at the rate of 5% per year. With continuous investment and compounding, how much will you have accumulated in the annuity by the time you retire in 46 years

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