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Question 3 Your retirement account earns 7%, compounded quarterly. How much must the account contain when you retire if you want to withdraw $4000 at

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Question 3 Your retirement account earns 7%, compounded quarterly. How much must the account contain when you retire if you want to withdraw $4000 at the end of each quarter for 30 years? ANSWER: dollars Round your nal answer to the nearest cent. Note: This is almost identical to example 3 (only the payment amount is different), so check out the example 3 video if you need help. 228,128.2

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