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Posted on Sep 05, 2024

Suppose you put $ 4 5 0 a month for retirement into an annuity earning 6 . 2 5 % compounded monthly. If you need

Suppose you put $

450

a month for retirement into an annuity earning

6.25 %

compounded monthly. If you need $

650000

to retire, in how many years will you be able to retire?

Years

=

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