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How much will Troy contribute

    Assignment Instructions

    Assignment ID: FG132993023

    Question – Troy is saving for his retirement 23 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $140.00 at the end of every three months for the next 15 years. Interest is 10% compounded quarterly.

    Required –

    (a) How much money will be in his account on the date of his retirement?

    (b) How much will Troy contribute?

    (c) How much will be interest?

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