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Actuarial Statistics For a person's retirement in 30 years, this person plans to make monthly contributions of $25 to an ordinary annuity paying 8 1/2

***Actuarial Statistics***

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For a person's retirement in 30 years, this person plans to make monthly contributions of $25 to an ordinary annuity paying 8 1/2 % annually, compounded monthly. a. Determine the total amount of his contributions. b. Determine the single deposit now that will provide the same retirement benefit

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