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Becky would like to be a millionaire in 40 years. How much would she need to invest quarterly in a sinking fund paying a 9%
Becky would like to be a millionaire in 40 years. How much would she need to invest quarterly in a sinking fund paying a 9% interest rate compounded quarterly to accumulate $1,000,000 in 40 years? She needs to make qguarterly payment of 3| |. (Do not round until the final answer. Then round up to the nearest cent.)
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