5.3b: Problem 4 (1 point) John and Diane want to have $254,000.00 available for retirement. How...
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5.3b: Problem 4 (1 point) John and Diane want to have $254,000.00 available for retirement. How much will they have to invest every month into an ordinary annuity earning an annual interest rate of 7.23% compounded monthly if they invest for 6 years? If they invest for 16 years? If they invest for 24 years? After 6 years? After 16 years? After 24 years? (Note: Your answers are a dollar amount and should include a dollar sign) 5.3b: Problem 4 (1 point) John and Diane want to have $254,000.00 available for retirement. How much will they have to invest every month into an ordinary annuity earning an annual interest rate of 7.23% compounded monthly if they invest for 6 years? If they invest for 16 years? If they invest for 24 years? After 6 years? After 16 years? After 24 years? (Note: Your answers are a dollar amount and should include a dollar sign)
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