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there isnt more information to give thats all of it right there 9. Lily Chang is planning for her retirement, so she is setting up
there isnt more information to give thats all of it right there
9. Lily Chang is planning for her retirement, so she is setting up a payout annuity with her bank. For twenty years, she wishes to receive annual payouts that start at $14.000 and then receive an annual COLA of 4%. a. How much money must she deposit if her money earns 8% interest per year? b. How large will Lily's first annual payout be? c. How large will Lily's second annual payout be? d. How large will Lily's last annual payout be? CO mon inch the to Step by Step Solution
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