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( 1 ) You are to make quarterly ( once in three months ) instalments of 2 , 0 0 0 into a retirement account

(1) You are to make quarterly (once in three months) instalments of 2,000 into a retirement account that earns a 4.80 percent compounded quarterly. If your first contribution will be made three months from now, how large will your retirement account be in 25 years?
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