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Mathematics, 09.12.2020 07:40 dathanboyd

Nick can invest $10,000 in either one of two annuities. Annuity A has a 6% annual interest rate and requires a starting principal of $9,000, plus annual $100 deposits for the next 10 years. Annuity B has a 12% annual interest rate and requires a starting principal of $9,000, plus annual $200 deposits for the next 5 years. What is the difference between the final balances of the two annuities?

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Nick can invest $10,000 in either one of two annuities. Annuity A has a 6% annual interest rate and...

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