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Nada recently set up a tax-deferred annuity to save for her retirement. She arranged to have $ 110 taken out of each of his monthly
Nada recently set up a tax-deferred annuity to save for her retirement. She arranged to have $ 110 taken out of each of his monthly checks; it will earn 11% annual interest. She just had her 26 birthday, and her ordinary annuity comes to term when she is 66. Find the following:
- Find the future value of Nada's annuity
- Find Nada's total contribution to the annuity
- Find the total interest earned on the annuity
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