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Garry already has $ 1 1 0 , 5 0 0 in one of his investment accounts that earns 5 . 2 % compounded annually.
Garry already has $ in one of his investment accounts that earns compounded annually. He has decided to contribute an additional $ to the investment at the start of each quarter until he retires in months.
a How much will Garry have in his investment when he retires?
Considering inflows and outflows of cash, enter the appropriate values in the blanks below. Round final dollar answer to decimal places.
Mode
N
IY
CY
PV
PMT
PY
FV
b What total additional contribution did Garry make to his investment over the months?
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