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2. An individual deposited $400,000 into an account which earns 9.6% compounded quarterly. If the person wants to receive quarterly payments of $10,000 at the

2. An individual deposited $400,000 into an account which earns 9.6% compounded quarterly. If the person wants to receive quarterly payments of $10,000 at the end of every three months, determine the number of full payments the person will receive

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