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Annuity with a guaranteed return

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Reference no: EM131980298

Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 5 years. If she works 25 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.)

Reference no: EM131980298

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