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At the end of every month Jeff pays 1 , 0 0 0 in a fund to generate an additional retirement pay. The contract, ending
At the end of every month Jeff pays in a fund to generate an additional retirement pay.
The contract, ending at the age of foresees a year term, an interest rate of per year, compounded at the end of each quarter.
Susan, his twin sister, takes a similar contract, but she starts paying years later so her contract term is years If she wants to receive the same amount at the age of what should be her monthly fee?
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