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How much must she invest today in order to have

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Question - Baby wants to retire in 30 years, and she wants to have an annuity of $1000 a year for 20 years after retirement. She wants to receive the first annuity payment at the end of the 30th year. Using an interest rate of 10%, how much must she invest today in order to have the retirement annuity (round to nearest $10).

Reference no: EM133098679

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