please show all working Earl E. Bird and Ivana Waite both celebrated their 66th...
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Earl E. Bird and Ivana Waite both celebrated their 66th birthday today. Both of them qualify to receive Social Security checks now. Earl has decided to start receiving his monthly checks $3,000 right away (Starting at month 1). each birthday into a saving investment earning a 8% compound annual rate of interest. Ivana Waite will wait 48 months to receive the maximum monthly Social Security checks at $4000. (Questions 61-62) What age they have to live to make their plans equally good using a nominal rate of 6% compounded monthly? None of them 97.83 years 82.00 years 108.37 years 91.67 years
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