The sad part about wondering whether 10 million dollars is enough to retire comfortably is that plenty of people who make a lot of money still go broke. Just look at so many ex-NFL players who end up with very little soon after their careers are over. The reason why they end up broke...
Answer to: Find the amount (future value) of the ordinary annuity: $1,300 per semiannual period for 8 years at 4.5% per year compounded...
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