Tory is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein h

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answerhappygod
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Tory is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein h

Post by answerhappygod »

Tory is saving for his retirement
23
years from now by setting up a savings plan. He has set up a
savings plan wherein he will deposit
$110.00
at the end of
each
year
for the next
11
years. Interest is
10%
compounded annually.
​(a) How much money will be in his account on the date of
his​ retirement?
​(b) How much will
Troy
​contribute?
​(c) How much will be​ interest?
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