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answer: $494,476.40 How much should Wai Chun pay today for a retirement annuity that would provide him with $4000 at the end of every month
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$494,476.40
How much should Wai Chun pay today for a retirement annuity that would provide him with $4000 at the end of
every month for five years at 3.5% compounded monthly and $20,000 every six months for the next ten years at 4%
compounded semi-annually
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