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You are planning to retire in 20 years. Money can be deposited at 12% compounded quarterly. What quarterly deposit must be made at the end
You are planning to retire in 20 years. Money can be deposited at 12% compounded quarterly. What quarterly deposit must be made at the end of each quarter until retirement so that you can make a withdrawal of $15,000 semi-annually over the first 10 years of your retirement. Assume the first withdrawal occurs six months after your retirement.
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