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Raymond set up a savings fund for her son's education so that she would be able to withdraw $ 1 , 5 0 0 at
Raymond set up a savings fund for her son's education so that she would be able to withdraw $ at the beginning of every month for the next years. The fund earns compounded quarterly.
a What amount should she deposit today to allow for the $ periodic withdrawals? b How much interest would she earn in this investment?
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