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ohn and Diane want to have $386,000.00 available for retirement. How much will hey have to invest every month into an ordinary annuity earning an annual interest ate of 3.63% compounded monthly if they invest for 10 years? If they invest for 16 ears? If they invest for 28 years? after 10 years? $268,643.52 after 16 years? $216,137.34 fter 28 years? $139,906.11

ohn and Diane want to have $386,000.00 available for retirement. How much will hey have to invest every month into an ordinary annuity earning an annual interest ate of 3.63% compounded monthly if they invest for 10 years? If they invest for 16 ears? If they invest for 28 years? after 10 years? $268,643.52 after 16 years? $216,137.34 fter 28 years? $139,906.11

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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John and Diane want to have $386,000.00 available for retirement. How much will they have to invest every month into an ordinary annuity earning an annual interest rate of 3.63% compounded monthly if they invest for 10 years? If they invest for 16 years? If they invest for 28 years? After 10 years? $268,643.52 After 16 years? $216,137.34 After 28 years? $139,906.11 (Note: Your answers are a dollar amount and should include a dollar sign)
Transcribed Image Text:John and Diane want to have $386,000.00 available for retirement. How much will they have to invest every month into an ordinary annuity earning an annual interest rate of 3.63% compounded monthly if they invest for 10 years? If they invest for 16 years? If they invest for 28 years? After 10 years? $268,643.52 After 16 years? $216,137.34 After 28 years? $139,906.11 (Note: Your answers are a dollar amount and should include a dollar sign)
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