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An employee is planning to deposit a regular amount every three months starting three months from now for the next 12 years so that, beginning

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An employee is planning to deposit a regular amount every three months starting three months from now for the next 12 years so that, beginning year 13 he will receive annual payments of 63,709AED for the following 9 years How much must he deposit every three months if the interest rate is 6% compounded quarterly

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