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Peter intends to retire in 10 years. To supplement his pension he would like to receive $825 every three months for 19 years. If he

Peter intends to retire in 10 years. To supplement his pension he would like to receive $825 every three months for 19 years. If he is to receive the first payment three months after his retirement and interest is 3% p.a. compounded quarterly, how much must he invest today to achieve his goal?

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