Miguel's retirement benefit is 1000 per month, payable for 15 years certain, beginning on January 31, 1999.

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Miguel's retirement benefit is 1000 per month, payable for 15 years certain, beginning on January 31, 1999. Half of this benefit is financed by his company, and half is financed by a defined contribution plan consisting of quarterly payments for 10 years beginning March 31, 1989. Assuming Miguel survives to retirement and / = .06, find the quarterly payment to the defined contribution plan.

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