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your pension plan is an annuity with a guaranteed return of 4%per year compounded quarterly . 1.You can afford to put $1,200 per quarter into

your pension plan is an annuity with a guaranteed return of 4%per year compounded quarterly .

1.You can afford to put $1,200 per quarter into the fund and you will worker 40 years before retiring. How much money will there be in the fund when you retire?

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