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Suppose Laura invests in an annuity to have $10,000 after 15 years. If the annuity pays 2% annual interest, compounded

quarterly, how much will she need to invest each quarter to meet her goal?
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.

User Satheesh
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4.2k points

1 Answer

5 votes
$7,414

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User Manoj H L
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