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Suppose Tania wants to have $300, 000 in her retirement annuity at the end of 10 years. She chooses an annuity that pays 5% interest
Suppose Tania wants to have $300, 000 in her retirement annuity at the end of 10 years. She chooses an annuity that pays 5% interest compounded annually. What is the difference between the total of Tania's deposits and the total interest in the annuity at the end of ten years? Enter your answer, rounded to the nearest hundred dollars, and omit the dollar sign and comma (43, 620.40 should be entered as 43600)
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