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K O Points: 0 of 4 Cameron is saving for his retirement 20 years from now by setting up a savings plan. He has set
K O Points: 0 of 4 Cameron is saving for his retirement 20 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $87.00 at the end of each month for the next 10 years. Interest is 7% compounded monthly. (a) How much money will be in his account on the date of his retirement? (b) How much will Cameron contribute? (c) How much will be interest? *** Save
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