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Fabiola Macias is a payout annuity receive a mon years, where sias is about to retire, so she is setting up annuity with her bank.

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Fabiola Macias is a payout annuity receive a mon years, where sias is about to retire, so she is setting up annuity with her bank. She wishes to e a monthly payout for the next twenty where the payout starts at $1,000 per month es an annual COLA of 3%. Her money will earn 10% compounded monthly nual payout is the future value of a one-year dinary annuity. Find this future value. nnual rate r is the annual yield of 10% interest compounded monthly. Find this annual yield. De not round it off.) Use the Annual Payout Annuity with COLA Formula to find how much money she must 16. Mitch a pay a mor payou annua compo and receives an annual a. The annual payout a. The ordi deposit b. The a comp c. Use Form deposi d. Mitch an ord twenty paymen same in: Fabiola could have saved for her payout annuity with an ordinary annuity. If she had started doing so thirty years ago, what would the required monthly payrhents have been? (The two annuities pay the same interest rate.)

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