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Question 6 < > You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter if
Question 6 < > You would like to have $700,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 5.8% compounded quarterly? a) How much should you deposit each quarter? Round your answer to the nearest cent. b) How much total money will you put into the account? Round your answer to the nearest cent. c) How much total interest will you earn? Round your answer to the nearest cent.
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