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How much must you deposit at the end of each month for 25 years to fund an annuity of $2500 per month for 20 years?
How much must you deposit at the end of each month for 25 years to fund an annuity of $2500 per month for 20 years? The first annuity payment is made 5 years after the last deposit, and interest changes from i(12)= 8% to i(12)=7% at the time of the first annuity payment.
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