playersmith011 playersmith011

10-02-2021
Mathematics

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Jack decides to invest $300 per quarter into an annuity. How long would he have to keep investing if the annuity is paying 8% annually and he wants to accumulate $10,000?

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madethisfortwitch1 madethisfortwitch1

10-02-2021

Answer:

25.95 quarters which is about 6.5 years

Step-by-step explanation:

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