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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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