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Ha Magan is saving money and plans on making quarterly contributions into an account earning an annual interest rate of 6% compounded quarterly. If Magan

  • Ha Magan is saving money and plans on making quarterly contributions into an account earning an annual interest rate of 6% compounded quarterly. If Magan would like to end up with $49,000 after 6 years, how much does he need to contribute to the account every quarter, to the nearest dollar?

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