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Homework Question 5 You turned 25 and you want a monthly ordinary annuity of nine-thousand sixty-three dollars for thirty years ages 60-95 end of month

Homework Question 5

You turned 25 and you want a monthly ordinary annuity of nine-thousand sixty-three dollars for thirty years ages 60-95 end of month payments. How much would your monthly contributions also be at the end of each month until age 60, if you let the funds vest until age 65 with no further contributions with an EAR of 6.9%

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