gracepiechowiak
gracepiechowiak
17.10.2020 • 
Business

Suppose Adam wants to have $750,000 in his IRA at the end of 30 years. He decides to invest in an annuity paying 6% interest, compounded annually. What does he have to contribute each year to reach this goal? Enter your answer, rounded to the nearest cent. Omit the dollar sign and the comma.

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