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A 25-year-old worker begins saving for retirement, making deposits twice a year at the end of each year. The savings are invested at an annual

A 25-year-old worker begins saving for retirement, making deposits twice a year at the end of each year. The savings are invested at an annual effective interest rate of 8% and are of an amount that is projected to equal $ 600,000 when the worker is 65-year-old (after the 40th deposit is made on that date). After making five deposits, the worker becomes unemployed for a period of time and, as a result, skips the next three years of deposits. Assuming that the account earns an 8% annual effective rate in all 40 years, what amount will the worker need to deposit in each of the remaining 32 years in order to achieve the original goal of a $600,000 balance at age 65?

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