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As part of his retirement planning, Mr . Allen purchases an annuity that pays 6 % compounded annually. If the yearly payment is $ 3

As part of his retirement planning, Mr

.

Allen purchases an annuity that pays

6 %

compounded annually. If the yearly payment is $

3, 000,

how much will Mr

.

Allen have saved in

6

years and how much interest was earned?

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