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Samuelson Engines wants to save $750,000 to buy some new equipment four years from now. The plan is to set aside an equal amount of

Samuelson Engines wants to save $750,000 to buy some new equipment four years from now. The plan is to set aside an equal amount of money at the end of each quarter. The firm can earn 4.75 percent, compounded quarterly, on its savings. How much does the firm have to save each quarter to achieve its goal?

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