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Arvin has $100,000 in his retirement account at their present company. Because he is assuming a position with another company, Arvin is planning to roll
Arvin has $100,000 in his retirement account at their present company. Because he is assuming a position with another company, Arvin is planning to roll over his assets to a new account. Arvin also plans to put $500 quarterly into the new account until his retirement 10 years from now. If the account t earns interest of 10%/year compounded quarterly, how much will Arvin have in his account at the time of his retirement? round to the nearest cent
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