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Troy is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein he

Troy is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $129.00 at the end of every threemonths for the next 10 years. Interest is 10% compounded quarterly.

(a) How much money will be in his account on the date of his retirement?

(b) How much will Troy contribute?

(c) How much will be interest?

_____________________________________________________________________________________________________________________________

(a) The future value will be $______.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b) Troy will contribute $_______.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(c) The interest will be $_______.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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