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Angle wishes to save money to provide for her retirement in 30 years. Beginning one month from now, she will begin depositing a fixed amount

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Angle wishes to save money to provide for her retirement in 30 years. Beginning one month from now, she will begin depositing a fixed amount into a retirement savings account that will eam 6% compounded monthly. She will make monthly deposits for the next 30 years. Then, one year after making her final deposit, she will want to withdraw $50,000 annualy for 20 years for her retirement. The fund will continue to earn 6% compounded monthly. How much should her monthly deposits be so that she will have enough money to purchase the annulty that pays $50,000 a year for 20 years when she retires? Multiple Choice $470.68 $563.22 $725490 $604.51 Mr. Sway wants to save up and have $13.19 miltion for his retirement exactly 10 years from todoy. Mr. Sway plans to make equal annual deposits into an account that will earn 4.87 percent compounded annualy. How much must Mr. Sway deposit into his retirement account each year to reach his goal? Milliple Choice 51350,450.40 51.055045.14 51,006,05049 \$1697398e 14

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