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2. Bob starts a retirement fund 20 years before retirement. He pays $50 per month into the annuity for 20 years with an interest rate

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2. Bob starts a retirement fund 20 years before retirement. He pays $50 per month into the annuity for 20 years with an interest rate of 6% per year interest compounded monthly. Find the value of Bob's annuity at the time of retirement. Work Here (Keyboard only): N = FV = 1% = P/Y = PV = C/Y = PMT = PMT: (End/Begin) Answer Here (Keyboard only): Calculator display: Final

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