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On his 3 0 th birthday ( t = 3 0 ) , Julio begins saving his money for retirement. He puts 1 0 0
On his th birthday Julio begins saving his money for retirement. He puts
into an account earning interest. He gets a raise most years, so will add to
each subsequent payment when the payment is payment equals
He makes his last deposit on his th birthday. He immediately purchases a
year annuity immediate, with a first payment of and each additional payment
increasing by The price of the annuity was calculated using Calculate
X
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