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Antonio Luigi, the head chef at Pasta Place, is FURIOUS that they are going to start putting his grandmother's sauce recipe into jars! He has
Antonio Luigi, the head chef at Pasta Place, is FURIOUS that they are going to start putting his grandmother's sauce recipe into jars! He has quit his job and will be going to work for Good Taste running their new food truck. He has withdrawn $100,000 from his profit-sharing plan at Pasta Place and will transfer it to a retirement account with Good Taste. Good Taste has agreed to make quarterly contributions of $5,000 into the new retirement account that pays a guaranteed 3.8% annual interest compounded quarterly. Antonio plans to retire in 15 years, and then begin making quarterly withdrawals from his retirement account (which will continue to earn 3.8%). He wants to be able to make these withdrawals during retirement for 20 years.
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