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    Exam 22: Borrowing Models
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    How Much Would You Have to Invest Each Month in an Annuity
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How Much Would You Have to Invest Each Month in an Annuity

Question 67

Question 67

Short Answer

How much would you have to invest each month in an annuity earning 4.9% monthly to earn $35,000 at the end of 20 years?

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