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2. MC algo 6-31 Calculating Annuity Payments Starling wants to retire with $2,110,000 in his retirement account exactly 41 years from today. He will make
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MC algo 6-31 Calculating Annuity Payments Starling wants to retire with $2,110,000 in his retirement account exactly 41 years from today. He will make annual deposits at the end of each year to fund his retirement account. If he can earn 9.73 percent per year, how much must he deposit each year? Multiple Choice $4,975.54 $51,463.41 $4.664.57 $4,250.95 $3,936.40 George Jefferson established a trust fund that will provide $224,500 per year in scholarships. The trust fund earns an annual return of 3.9 percent. How much money did Mr. Jefferson contribute to the fund assuming that only income is distributed? Multiple Choice $5,313,609.47 $6,578,754.58 $4,797,008.55 $5,756,410.26 O $5,036,858.97Step by Step Solution
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