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How much will Maria and Raul have to deposit each month into an annuity that earns5.5%5.5%, if they want to have$45,000.00$45,000.00in1010years? Assume the interest rate
How much will Maria and Raul have to deposit each month into an annuity that earns5.5%5.5%, if they want to have$45,000.00$45,000.00in1010years?
Assume the interest rate does not change while the account is open. Round your final answers to the nearest cent.
How much interest, in total, will they earn?
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