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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?

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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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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User Danny Sofftie
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7.7k points

1 Answer

10 votes

Answer:

25.95 quarters which is about 6.5 years

Explanation:

Jack decides to invest $300 per quarter into an annuity. How long would he have to-example-1
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User Yasemin
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