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on your friend's 12th birthday, her parents began contributing $60 per month in an increasing annuity that pays 7% annual interest, compounding monthly. Determine the value of her college fund when...

your boss spends $20 a month on lottery tickets. After 15 years, her total winnings are $25000. Suppose that she had invested the money she spent on lottery tickets monthly into an annuity that earned...

Suppose that your bank pays 10% interest, compounded semiannually. Use Table 12-2 of your text to find how much should be deposited now to yield an annuity payment of $400 at the END of every six...

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