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Andr s already knows that he will have $ 2 5 0 , 0 0 0 when he retires. If he sets up a payout

Andr

s already knows that he will have $

250, 000

when he retires. If he sets up a payout annuity for

28

years in an account paying

4.15 %

interest, how much could the annuity provide each quarter? Round your

answer to the nearest dollar.

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