Deposit a regular amount every three months until he retires

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Reference no: EM13763855

A man is planning to retire in 25 years. He wishes to deposit a regular amount every three months until he retires, so that, beginning one year following his retirement, he will receive annual payments of $60,000 for the next 10 years. How much must he deposit every three months if the interest rate is 6% per year compounded quarterly?

Reference no: EM13763855

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Deposit a regular amount every three months until he retires : A man is planning to retire in 25 years. He wishes to deposit a regular amount every three months until he retires, so that, beginning one year following his retirement, he will receive annual payments of $60,000 for the next 10 years. How much must ..

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