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Jiefei is saving for retirement. At the end of each month, he will deposit $4,422.00 in an investment account paying r(52)=3.00000% interest, until he has
Jiefei is saving for retirement. At the end of each month, he will deposit $4,422.00 in an investment account paying r(52)=3.00000% interest, until he has saved $1,450,000.00. a) This question deals with the value of an annuity b) There will be payments. The payment period is c) The payment amount is $ d) The effective interest rate per period is % e) The present/future value is $
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