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Problem 6 (two points) You have not yet started to save for retirement. Beginning at the end of this QUARTER, you plan to make a

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Problem 6 (two points) You have not yet started to save for retirement. Beginning at the end of this QUARTER, you plan to make a $600 deposit into an investment account every quarter for the next forty (40) years. The account is expected to earn Name of Student 10% per year, compounding quarterly. How much should you expect to have accumulated by the end of the 40 years? Problem 7 (three points) Fill in the four blanks (and define each) Quoted interest rate (r) = * + IP DRP LP MRP

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