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The company you work for will deposit $700 at the end of each quarter into your retirement fund. You plan to retire 8 years from

The company you work for will deposit $700 at the end of each quarter into your retirement fund. You plan to retire 8 years from now and estimate that you will need $3,000 per month (at the end of each month) out of the account for 25 years after retirement. If the account pays 4.8% of annual interest, how much do you need to put into the account at the beginning of each quarter in addition to your company deposit in order to meet your objective?

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