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After graduating from college with a bachelor of business administration, you begin an ambitious plan to retire in 27.00 years. To build up your retirement

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After graduating from college with a bachelor of business administration, you begin an ambitious plan to retire in 27.00 years. To build up your retirement fund, you will make quarterly payments into a mutual fund that on average will pay 10.36% APR compounded quarterly. To get you started, a relative gives you a graduation gift of $2,817.00. Once retired, you plan on moving your investment to a money market fund that will pay 5.28% APR with monthly compounding. As a young retiree, you believe you will live for 33.00 more years and will make monthly withdrawals of $9,800.00. (YOUR WITHDRAWALS ARE AT THE BEGINNING OF THE MONTH!!!!) To meet your retirement needs, what quarterly payment should you make? Answer format: Currency: Round to: 2 decimal places

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