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To help out with her retirement savings, Jenny invests in an ordinary annuity that earns 2.4% interest, compounded monthly. Payments will be made at the
To help out with her retirement savings, Jenny invests in an ordinary annuity that earns 2.4% interest, compounded monthly. Payments will be made at the end of each month. How much money does she need to pay into the annuity each month for the annuity to have a total value of $96,000 after 19 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. $0 5
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