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As part of your retirement planning, you purchase an annuity that pays 3.5% annual interest compounded quarterly a.If you make quarterly payments of $ 600

As part of your retirement planning, you purchase an annuity that pays 3.5% annual interest compounded quarterly

a.If you make quarterly payments of $ 600 how much will you have saved in 5 years?

b.Instead, if you make quarterly payments of $300, how much willyou have saved in 10 years?

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