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What deposit must sam make at the end of each quarter

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sam musso is planning to retire in 20 years. he can deposit money at 8% compounded quarterly. what deposit must he make at the end of each quarter until he retires so that he can make a withdrawal of $45,000 semiannually over five years after his retirement? assume that his first withdrawal occurs at the end of six months after his retirement

Reference no: EM13208511

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