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Second Spring Co. offers a retirement plan which requires individuals to deposit $25000 now. For thirty five years, your deposit is subjected to annual 8.8%,
Second Spring Co. offers a retirement plan which requires individuals to deposit $25000 now. For thirty five years, your deposit is subjected to annual 8.8%, compounding monthly. After thirty five years, the retirement plan makes monthly payments perpetually with 15% annual interest. What is the amount of monthly payments that will be received perpetually? O a. $6,592.07 O b. $7,612.38 O c. $34,508.56 O d. $79,104.86 O e. $91,348.53
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