Suppose that you just turned 25 years old and that you wish to receive amonthly ordinary annuityof
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Question:
Suppose that you just turned 25 years old and that you wish to receive amonthly ordinary annuityof $8,859 for 30 years (ages 65-95, end of month payments).How much would yourmonthly contributions also be at the end of each monthuntil age 60, if you let the funds vest until age 65 with no further contributions?Your EAR is 6.2%?
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