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Suppose you invest $1,000 on December 31 every year commencing this year (2021) and plan to retire on December 31 2051. What is the value
Suppose you invest $1,000 on December 31 every year commencing this year (2021) and plan to retire on December 31 2051. What is the value of n you should use in the ordinary annuity formula (or NPER in the Excel formula)?
a.
29
b.
30
c.
31
d.
32
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