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Future Value of Annuity. Lena has just become eligible to participate in her company's retirement plan. Her company does not match contributions, but the plan
Future Value of Annuity.Lena has just become eligible to participate in her company's retirement plan. Her company does not match contributions, but the plan does average an annual return of
11%.
Lena is 40 and plans to work to age 65. If she contributes $200
per month, how much will she have in her plan at retirement? Step by Step Solution
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