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Explain and show steps 24) A person establishes the following retirement plan: an immediate deposit of $10,000 and quarterly payments of $1,500 at the end

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24) A person establishes the following retirement plan: an immediate deposit of $10,000 and quarterly payments of $1,500 at the end of each quarter into a savings account that earns 5% compounded quarterly, what is the amount of the investment after 21 years? Answer: The amount of the investment is $249,084.69 after 21yrs

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