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Beverley intends to retire in 7 . 2 5 years and would like to receive $ 2 7 0 0 . 0 0 every month
Beverley intends to retire in years and would like to receive $ every month for years starting on the date of her retirement. How much must she deposit in an account today if interest is compounded annually?
Fraser deposits $ at the beginning of every three months. He wants to build up his account so that he can withdraw $ every three months starting three months after the last deposit. If he wants to make the withdrawals for years and interest is compounded quarterly, for how long must Fraser make the quarterly deposits?
What sum of money must be depusited in a trust fund to provide a scholarship of $ payable at the end of each month if interest is compounded monthly?
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