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Jennifers pension plan is an annuity with a guaranteed return of 7% per year compounded monthly. She can afford to put $300 per month into
Jennifers pension plan is an annuity with a guaranteed return of 7% per year compounded monthly. She can afford to put $300 per month into the fund, and she will work for 45 years before retiring. For pension is paid out monthly based on a 25 year pay out, how much will she receive per month?
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