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Judy Would Like to Have $200,000 Saved in Her Retirement

Question 61

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Judy would like to have $200,000 saved in her retirement account in 20 years.At an interest rate of 10 percent,how much should she contribute each year?
(a)$3,491.92
(b)$2,000.00
(c)$2,576.11
(d)$4,376.77

Correct Answer:

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(Exhibit 3.3)$200,00...

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