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Future Value of Annuity. Stacey would like to have $ 1 million available to her at retirement. Her investments have an average annual return of

Future Value of Annuity. Stacey would like to have $

1

million available to her at retirement. Her investments have an average annual return of

9 % .

If she makes contributions of $

260

per month, will she reach her goal when she retires in

29

years?

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