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U=64 27. Assuming an interest rate of 7%, compute how much income you will have each month if you save $150 each month for the

image text in transcribed U=64
27. Assuming an interest rate of 7%, compute how much income you will have each month if you save $150 each month for the next 40 years and then use the accumulated money to buy an annuity of equal monthly payments for U years (or an annuity for life when you expect to live for U more years)

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