Annuity expected to pay an annual interest rate
Question: Cathy is saving for her retirement by putting $325 each month into an ordinary annuity. If the annuity is expected to pay an annual interest rate of 8.5%, how much will she save for her retirement in 30 years?
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If the annuity is expected to pay an annual interest rate of 8.5%, how much will she save for her retirement in 30 years?
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