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Dennis McDaniel has just started working with the BCB as a sales representative and is just trying to catch up on having money for retirement.
Dennis McDaniel has just started working with the BCB as a sales representative and is just trying to catch up on having money for retirement. BCB offers him a pension plan with an annuity that is guaranteed to earn interest compounded annually. He plans to work for years before retiring and would then like to be able to draw an income of $ per month for years. How much must be deposited per month into his retirement fund to accomplish this?
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