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Mathematics, 08.08.2019 00:30 samarahbrown6050

Leo determines that he needs his retirement income payments to be $2600 per month. he plans to open a payout annuity with a 30-year maturity period. the payout annuity has an annual interest rate of 4.8% compounded monthly. how much money will he need to invest initially in the account to get the payments he needs?

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