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Jack and Jill are preparing their retirement plans. Both will retire in 27 years from today and they plan to have the same amount saved

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Jack and Jill are preparing their retirement plans. Both will retire in 27 years from today and they plan to have the same amount saved at that time. In preparation for this, Jack is depositing $45,000 today at an annual interest rate of 5.2 percent. How will Jill's deposit amount vary from Jack's if Jill also makes a deposit today but earns an annual interest rate of 6.2 percent? Multiple Choice $7,118.42 more O $8945.28 $9,435.21 less $10,144.16 less

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