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(4 points) A person wants to establish an annuity for retirement. He wants to make quarterly deposits for 25 years into an ordinary annuity that

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(4 points) A person wants to establish an annuity for retirement. He wants to make quarterly deposits for 25 years into an ordinary annuity that earns 6.28% compounded quarterly. His goal is to have $ 406148.82 at the end of 25 years. (a) The amount that should be deposited each quarter in order to accumulate the required amount is (Note: Your answer is a dollar amount and should have a dollar sign and exactly two decimal places) (b) What is the total amount of interest earned during the 25-year period? Total Interest Earned [Note: Your answer is a dollar amount and should have a dollar sign and exactly two decimal places)

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