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Mr Hopper is expected to retire in 30 years and he wishes to accumulate $750,000 in his retirement fund by that time. If the interest
Mr Hopper is expected to retire in 30 years and he wishes to accumulate $750,000 in his retirement fund by that time. If the interest rate is 5% per quarter, how much should Mr Hopper put into the retirement fund every three months in order to achieve this goal? [Assume that the payments are made at the end of each quarter]
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