How much would your monthly contributions

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Reference no: EM133559709

Question: Suppose that you just turned 25 years old and that you wish to receive a monthly ordinary annuity of $6,220 for 30 years (ages 65-95, end of month payments). How much would your monthly contributions also be at the end of each month until age 60, if you let the funds vest until age 65 with no further contributions? Your EAR is 8%?

Reference no: EM133559709

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