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Q: Am I correct in this calculation of return of pension plan?

BumblebeeQuestion: Suppose I decide to contribute $\$600$ at the beginning of each month for the next $30$ years to a pension plan that offers $5\%$ compounded monthly. When the plan matures, I will receive a monthly payment, at the end of each month, for the next $40$ years. Also, if the plan offers only...

 

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