Mathematics, 26.06.2019 17:30 johhnyappleseed2006

As part of your retirement plan, you want to set up an annuity in which a regular payment of $25,312 is made at the end of each year. you need to determine how much money must be deposited earning 6.2% compounded yearly in order to make the annuity payment for 20 years.

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As part of your retirement plan, you want to set up an annuity in which a regular payment of $25,312...