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1. You plan to make deposits into a retirement fund on a quarterly basis. You want the fund to contain $1,500,000 in 45 years. It

1. You plan to make deposits into a retirement fund on a quarterly basis. You want the fund to contain $1,500,000 in 45 years. It earns 6.5% APR compounded quarterly. How much must be deposited (the quarterly payment) each quarter? (4 points) 1

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