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payments with periodic rates. Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each

payments with periodic

rates.

Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each

quarter

over the coming

40

years at

6%

APR to reach her retirement goal of

$1.05

million?

What quarterly payment does Denise need to make to reach her retirement goal?

$ enter your response here

(Round to the nearest cent.)

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