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You would like to have $950,000 when you retire in 40 years. How much should...

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Algebra

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You would like to have $950,000 when you retire in 40 years. How much should you invest each quarter if you can earn a rate of 4.5% compounded quarterly?a) How much should you deposit each quarter?b) How much total money will you put into the account?c) How much total interest will you earn?

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