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  • 23-11-2020
  • Mathematics
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As part of his retirement planning, Mr. Jones purchases an annuity that pays 11.5% compounded quarterly. If the quarterly payment is $1000, how much will Mr. Jones have saved in 6 years?

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skigirlak
skigirlak skigirlak
  • 23-11-2020

Answer:

24000

Step-by-step explanation:

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