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Jeff is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein he

Jeff is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $ 89.00 at the end of every three months for the next 12 years. Interest is 4% compounded quarterly.

How much money will be in his account on the date of hisretirement?

How much will Jeff contribute?

How much will beinterest?

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