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A man is planning to retire in 25 years. He wishes to deposit a regular amount every three months until he retires so that, the

A man is planning to retire in 25 years. He wishes to deposit a regular amount every three months until he retires so that, the beginning one year following his retirement, he will receive annual payments of $32000 for the nwxt 10 years. How much must he deposit if the interest rate is %8 compounded quarterly?

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