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Justin is saving for his retirement 20 years from now by setting up a savings plan. He has set up a savings plan wherein
Justin is saving for his retirement 20 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $101.00 at the end of every three months for the next 10 years. Interest is 8% compounded quarterly. (a) How much money will be in his account on the date of his retirement? (b) How much will Justin contribute? (c) How much will be interest? ...
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