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The CEO of Neel Shaffer is planning to retire in 25 years. He wishes to deposit a regular amount every three months until he retires,

The CEO of Neel Shaffer is planning to retire in 25 years. He wishes to deposit a regular amount every three months until he retires, so that, beginning one year following his retirement, he will receive annual payments of $80,000 for the next 15 years. How much he deposit if the interest rate is 6% compounded quarterly

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