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2) If you wish to save up $220,000 using an annuity, what monthly payment is required into the annuity if the annuity has an
2) If you wish to save up $220,000 using an annuity, what monthly payment is required into the annuity if the annuity has an APR of 8.0% compounded annually and you wish to reach your savings goal in 30 years?
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
