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1. As part of your retirement planning, you purchase an annuity that pays 3.25 % annual interest compounded quarterly a. If you make quarterly payments

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1. As part of your retirement planning, you purchase an annuity that pays 3.25 % annual interest compounded quarterly a. If you make quarterly payments of $1000 how much will you have saved in 5 years? b. Instead, if you make quarterly payments of $500, how much will you have saved in 10 years

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