To save for retirement, Max invests $150 every month in an ordinary annuity with a 3.3% interest

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To save for retirement, Max invests $150 every month in an ordinary annuity with a 3.3% interest rate compounded monthly.

Given the same annuity interest rate and compounding schedule, how much should Max have saved every month to have accumulated $300,000?

Posted Date: May 19, 2024 07:08 AM

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To save for retirement, Max invests $150 every month in an ordinary annuity with a 3.3% interest

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