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After graduating from college with a bachelor of business administration, you begin an ambitious plan to retire in 2 6 . 7 6 years. To

After graduating from college with a bachelor of business administration, you begin an ambitious plan to retire in 26.76 years. To build up your retirement fund, you will make quarterly payments into a mutual fund that on average will pay 11.44% APR compounded quarterly. To get you started, a relative gives you a graduation gift of $3,487.23.
Once retired, you plan on moving your investment to a money market fund that will pay 4.92% APR with monthly compounding. As a young retiree, you believe you will live for 32.61 more years and will make monthly withdrawals of $10,351.14.(YOUR WITHDRAWALS ARE AT THE BEGINNING OF THE MONTH!!!!) To meet your retirement needs, what quarterly payment should you make?

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