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(Solved): Suppose Sara starts depositing $50 per month in a retirement annuity earning 5\% interest in 2010. ...



Suppose Sara starts depositing \( \$ 50 \) per month in a retirement annuity earning 5\% interest in 2010.
Five years later i

Suppose Sara starts depositing per month in a retirement annuity earning 5\% interest in 2010. Five years later in 2015 , Brenda decides to start depositing money into an annuity also earning interest. How much larger does Brenda's monthly deposit need to be for her to end up with as much money as Sara in 2040, thirty years after Sara started saving? Do you think there are any useful lessons to take away from this result?


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