Paige wants to have an income of $38,000 a year when she retires. She finds
a CD that offers 5...
Business, 05.05.2020 06:41 cerickson2481
Paige wants to have an income of $38,000 a year when she retires. She finds
a CD that offers 5.2% APR compounded annually, and she also finds a period
annuity that offers 5.2% APR compounded monthly for 20 years. How much
more money would Paige need to invest in the CD than in the annuity in order
to reach her goal?
Answers: 3
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