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How much will it cost Shaun to purchase a two-level retirement annuity that will pay $6000 at the end of each month for the first
How much will it cost Shaun to purchase a two-level retirement annuity that will pay $6000 at the end of each month for the first 10 years, and $9000 per month for the next 15 years? The payments represent a rate of return to Shaun of 6% compounded monthly.*
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