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As part of your retirement planning, you purchase an annuity that pays 4.75 % annual interest compounded quarterly A.If you make quarterly payments of $1200

As part of your retirement planning, you purchase an annuity that pays 4.75 % annual interest compounded quarterly

A.If you make quarterly payments of $1200 how much will you have saved in 5 years?

B. Instead, if you make quarterly payments of $600, how much will you have saved in 10 year?

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