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Question 4 (5 points) As part of his retirement planning, Mr. Jones purchases an annuity that pays 10.5% compounded quarterly. If the quarterly payment is

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Question 4 (5 points) As part of his retirement planning, Mr. Jones purchases an annuity that pays 10.5% compounded quarterly. If the quarterly payment is $6000, how much will Mr. Jones have saved in 7.5 years? O $268,726.95 O $268,706.70 $268,827.07 $268,777.45

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