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Starting threemonths after her grandsonRobin's birth, Mrs. Devine made deposits of $ 70 into a trust fund every three months until Robin was twenty-one years
Starting threemonths after her grandsonRobin's birth, Mrs. Devine made deposits of $70 into a trust fund every three months until Robin was twenty-one years old. The trust fund provides for equal withdrawals at the end of each quarter quarter for three years, beginning three months after the last deposit. If interest is 4.78% compounded quarterly, how much will Robin receive every threemonths?
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