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You expect to retire in 40 years. You will begin making quarterly deposits of $2,000 in the retirement account two years from now. That is,
You expect to retire in 40 years. You will begin making quarterly deposits of $2,000 in the retirement account two years from now. That is, the first quarterly deposit will be made at the beginning of the year three years from now and the last deposit will be made at the end of the year 40 years from now. How much can you accumulate by the time you retire if the account earns 2% quarterly interest rate?
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