Solve the problem.After working for 25 years you would like to have  in an annuity for early retirement. If the annual interest rate is , compounded monthly, what will your monthly deposit need to be?

A. $1595.88
B. $797.94
C. $977.44
D. $2426.70


Answer: B

Mathematics

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A. (8r + 5y)(x - 5r) B. (5r + 8y)(5r - x) C. (8r + 5y)(5r - x) D. (8r + 5y)(5x - r)

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B.

C.

D.

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