Mr. Clark makes a deposit at the beginning of every three months into a savings account that

Question:

Mr. Clark makes a deposit at the beginning of every three months into a savings account that earns interest at 5.25% compounded quarterly. He saves for 25 years, and then converts his savings into an annuity that pays him $900 at the beginning of every 3 months for 20 years. What is the size of the deposit he makes while he is saving?

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