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To save for retirement Simon invests $ 1 5 0 each month in an ordinary annuity with a 3 . 3 % interest rate compounded

To save for retirement Simon invests $150 each month in an ordinary annuity with a 3.3% interest rate compounded monthly. Determine the accumulated amount in Simons annuity after 40 years
p=150
r=.033
n=12
t=40
150[(1+.033/12)^12*40-1]/.033/12
ans=149,271.58

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