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applications of annuities Example 1: If money is currently worth 5% compounded monthly, how much do you need to set aside in your bank account
applications of annuities
Example 1: If money is currently worth 5% compounded monthly, how much do you need to set aside in your bank account today from the inheritance to cover $800 of monthly expenses for two years? Your trip will last two years, and you will take the first payment at the beginning of the month in three yearsStep by Step Solution
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