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Mathematics 11 Online
OpenStudy (nadyan15):

I need help please... Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $20,000 per quarter for 25 years. If she works 41 years before retiring, how much money must she and her employer deposit each quarter?

OpenStudy (will.h):

what do you have so far? and correct am if am wrong. is this about exponential function?

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