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  3. b) at age 35, alberto stops making monthly payment

b) At age 35, Alberto stops making monthly payments into his annuity, but he takes...

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Basic Math

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b) At age 35, Alberto stops making monthly payments into his annuity, but he takes the money he accumulated in his annuity and invests it into a savings account with an interest rate of 8% compounded monthly. Using the compounded interest formula A = p(1 + )" determine the amount Alberto has in n.t his savings account 30 years later when he retires at age 65,

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