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9. At age 27, Anne begins saving for her retirement by investing her money in an account that cars 3%da compounded monthly. (A, 6 marks)

9. At age 27, Anne begins saving for her retirement by investing her money in an account that cars 3%da compounded monthly. (A, 6 marks) a) If Anne invests $200 per month, how much will she have saved by the time she turns 65? b) How much would Anne need to invest each month if she wants her savings to be worth $250 000 by the time she tums 65

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