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Kevin has always dreamed of opening a caf by the seaside. He decides he will save to help open the caf by depositing money in
Kevin has always dreamed of opening a caf by the seaside. He decides he will save to help open the caf by depositing money in an ordinary annuity that earns
interest, compounded quarterly. Deposits will be made at the end of each quarter.
How much money will he need to deposit into the annuity each quarter for the annuity to have a total value of $ after years?
Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.
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