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1A. Given a quarterly interest rate of 1.78%. What is the value of $4,497 paid to you today in 18 quarters. B. How much does

1A. Given a quarterly interest rate of 1.78%. What is the value of $4,497 paid to you today in 18 quarters.

B. How much does Jerry need to put into his retirement account annually? He wants to start retirement with $1,309,459 in the account, the account pays 7.0% interest, and he expects to retire in 40 years.

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