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21. [0/2.27 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.056. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Jennifer's pension plan is an annuity with a guaranteed
21. [0/2.27 Points] DETAILS PREVIOUS ANSWERS WANEFMAC7 3.3.056. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Jennifer's pension plan is an annuity with a guaranteed return of 5% per year (compounded monthly). She can afford to put $300 per month into the fund, and she will work for 40 years before retiring. If her pension is then paid out monthly based on a 25-year payout, how much will she receive per month? (Round your answer to the nearest cont.) $4456 44 x
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