At the end of every month Jeff pays 1 , 0 0 0 in a fund to
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At the end of every month Jeff pays in a fund to generate an additional retirement pay.
The contract, ending at the age of foresees a year term, an interest rate of per year, compounded at the end of each quarter.
Susan, his twin sister, takes a similar contract, but she starts paying years later so her contract term is years If she wants to receive the same amount at the age of what should be her monthly fee?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: