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Starting after her grandson Robin's birth, Mrs. Devine made deposits of $75 into a trust fund every 3 months until Robin was 21 years old.
Starting after her grandson Robin's birth, Mrs. Devine made deposits of $75 into a trust fund every 3 months until Robin was 21 years old. The trust fund provides for equal withdrawals at the end of each quarter for 3 years, beginning 3 months after the last deposit. If interest is 5.69% compounded quarterly , how much will Robin receive every 3 months?
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