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Your pension plan is an annuity with a guaranteed return of 5 . 8 % per year ( compounded quarterly ) . You can afford

Your pension plan is an annuity with a guaranteed return of 5.8% per year ( compounded quarterly). You can afford to put $1,500 per quarter into the fund, and you will work for 38 years before retiringAfter you retire, you will be paid a quarterly pension based on a 25- year payout. How much will you receive each quarter? (Round your final answer to the nearest dollar)

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