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Susan and Bill Stamp want to set up a TDA that will generate sufficient interest at maturity to meet their living expenses, which they project
Susan and Bill Stamp want to set up a TDA that will generate sufficient interest at maturity to meet their living expenses, which they project to be $ per month. Find the monthly payment that they would have to make into an ordinary annuity to obtain the future value of if their money earns
and the term is twentyfive years.
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