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Mrs. Jones is saving up for her retirement by depositing $338 into a savings account at the end of every month for 12 years. If
Mrs. Jones is saving up for her retirement by depositing $338 into a savings account at the end of every month for 12 years. If rates are expected to be 6.67% compounded semi-annually for the entire question, how large will her END of quarter payments be (after retirement) for the expected 28 years AFTER retirement? (4 marks) (a) How much does she have in 12 years? (b) How large are the quarterly payments she can take out after retirement
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