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4. Chrissie wants $10,000 in three years by making quarterly payments into an annuity that pays 7.1%. What does she need to deposit each period

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4. Chrissie wants $10,000 in three years by making quarterly payments into an annuity that pays 7.1%. What does she need to deposit each period to reach her goal? 5. As a newly married couple, you want to save $20,000 by your 25th wedding anniversary to take a trip to Hawaii. The annuity pays 4.2% compounded monthly. How much money must you deposit every month to finance your trip? 6. As a parent of a new baby, you want to establish a college fund for your child. You deposit $100 every month into an annuity for 18 years. The money earns 6 %4% interest compounded monthly. How much will your childe have when he begins college

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