How much will they have for their retirement

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Question - Marco and Marie are saving for their retirement. Marie deposits $100 at the end of every month into a savings plan that pays 8% compounded monthly. At the end of every three months, Marco puts $600 into a plan earning 8 3/4% compounded quarterly. How much will they have for their retirement if they continue these deposits for fifteen years?

Reference no: EM133173096

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