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Erica set up a savings fund for his son's education so that he would be able to withdraw $ 1 , 6 5 0 at
Erica set up a savings fund for his son's education so that he would be able to withdraw $ at the beginning of every month for the next years. The fund earns compounded quarterly.
a What amount should he deposit today to allow for the $ periodic withdrawals? b How much interest would he earn in this investment?
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