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-Khalid recently set up a tax-deferred annuity to save for his retirement. He arranged to have BD50 taken out of each of his monthly checks;
-Khalid recently set up a tax-deferred annuity to save for his retirement. He arranged to have BD50 taken out of each of his monthly checks; it will earn 8.4% annual interest. He just had his 30 birthday, and his ordinary annuity comes to term when he is 60.
Find the following:
a. Find the future value of Khalids annuity.
b. Find Khalids total contribution to the annuity.
c. Find the total interest earned on the annuity.
Select one:
a. 30850,13000,12550
b. 80850,18000,62850
c. 60850,16000,32850
d. 90850,19000,72850
e. 89850,19000,69852
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