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QUESTION 3 You decide to provide yourself with a retirement account by depositing $1,000 into an account at the beginning of each month for the
QUESTION 3 You decide to provide yourself with a retirement account by depositing $1,000 into an account at the beginning of each month for the next 35 years. At the end of that 35-year period, you use your entire accumulated account to purchase a 30-year annuity-immediate that pays $75,000 per year. Assume that the effective annual rate of interest is 6% for the first 35 years, and i% thereafter. Find i. 1. A4.25 B.3.75 o D.3.25 F. 4.00
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