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1 . For his son's college education, Pat deposited $ 2 5 , 0 0 0 into an annuity earning 4 . 2 % mpounded

1. For his son's college education, Pat deposited $25,000 into an annuity earning 4.2% mpounded quarterly. His son is to receive payments at the end of every quarter for five30 marksa. How much will his son receive each quarter?b. How much of the third payment is interest?

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