mirana1535 mirana1535

10-11-2022
Mathematics

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Yejin lans to retire at age 60 .She wants to create an annuity fund,whichwill payher a monthly allowance of 4000$.She wants to save enough money so that payments last for 30 years.A financial advisor has told her that she can expect to earn 5% intereston er funds, ompounded annually.Calculate the amout Yejinneeds to havesaved nt her annuity fundin order to meet her goal.?

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