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with steps please and use proper formulas Q1: Ben's parents have been paying $450 per month into a retirement fund for the last 30 years.

with steps please and use proper formulas

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Q1: Ben's parents have been paying $450 per month into a retirement fund for the last 30 years. The fund is now worth $450 000. What annual interest rate, compounded monthly, are Anand's parents earning? Round your answer to two decimal places. Formula PV = FV 1 +r)n PV = present value FV = future value = rate of return n = number of periods

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