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Page 379 / #32 Sid Saver deposited $30,000 in an account paying 8% compounded annually. He left the money for 10 years and then put

Page 379 / #32

Sid Saver deposited $30,000 in an account paying 8% compounded annually. He left the money for 10 years and then put the money in a new account paying 9% compounded quarterly. If he plans to liquidate the account in 11 years, how much can he draw from it quarterly?

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