Question: R[ (1 + i) - 1] A = Jackson and Abina save money for retirement Investment Plan Investment Plan Name: Jackson Name: Abina Monthly investment:

R[ (1 + i)" - 1] A = Jackson and Abina save money for retirement Investment Plan Investment Plan Name: Jackson Name: Abina Monthly investment: $40 Monthly investment: $80 Start: Now Start: 15 years from now Time period: 30 years Time period: 15 years Annual interest rate: 60 Annual interest rate: 64 Compounding period: monthly Compounding period: monthly a) Compare the amount of each annuity with the total investment. [A6] b) Determine the interest earned by each annuity. [A4]

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