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What are quarterly annuity payments during his retirement

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Question: At the age of 44, Parker just finished all the arrangements on his parents' estate. He is going to invest his $80,000 inheritance at 5.5% compounded quarterly until he retires at age 55, and then wants to receive end-of-quarter payments for the next 25 years. What are his quarterly annuity payments during his retirement?

Reference no: EM132761416

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