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13 Dec 2019

A self-employed person has a Keogh retirement plan. (This type of plan is free of taxes until money is withdrawn.) If deposits of $7500 are made each year into an account paying 8% compounded annually, how much will be in the account after 20 years?

Sun America offered an annuity that pays 6.35% compounded monthly. What equal monthly deposit should be made into this annuity in order to have $200,000 in 15 years?

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Reid Wolff
Reid WolffLv2
17 Dec 2019
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