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1. Troy is saving for his retirement 22 years from now by setting up a savings plan. has set up a savings plan wherein he
1. Troy is saving for his retirement 22 years from now by setting up a savings plan. has set up a savings plan wherein he will deposit $111.00 at the end of each year the next 15 years. Interest is 12% compounded annually. (a) Ilow much money will be in his account on the date of his retirement? (b) How much will Troy contribute? (c) How much will be interest? marhume murhased for $4362.00 down payment and payments of $1252.00
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