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John and Diane want to have$227,000.00 available for retirement. How much will they have to invest every month into an ordinary annuity earning an annual

John and Diane want to have$227,000.00

available for retirement. How much will they have to invest every month into an ordinary annuity earning an annual interest rate of3.95%

compounded monthly if they invest for

10years?

If they invest for14years?

If they invest for28years?

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