Mathematics, 28.02.2020 20:51 mistergutsy8622

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?

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