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(1 point) A person wants to establish an annuity for retirement. He wants to make quarterly deposits for 35 years so that he can then
(1 point) A person wants to establish an annuity for retirement. He wants to make quarterly deposits for 35 years so that he can then make quarterly withdraws of $12,000.00 for 20 years. The annuity earns 6.92% compounded quarterly: (a) How much will have to be in the account at the time he retires? Value of account at retirement: $ D) How much should be deposited each quarter for 35 years in order to accumulate the required amount? quarterty deposits les What is the total amount of interest earned during the 55-year period? Total Interest Earned: $
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