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  3. a personal account earmarked as a retirement suppl

A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to...

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Accounting

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A personal account earmarked as a retirement supplement contains $292,400. Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $5000 at the end of each quarter. How long will it be until the account balane i (Round your answer UP to the nearest quarter.) quarters Need Help? Read It- Talk to a Tutor

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