Question: 2. -/6.76 POINTS WANEFMAC7 3.3.058. MY NOTES ASK YOUR TEACHER Pensions Meg's pension plan is an annuity with a guaranteed return of 7% per year

2. -/6.76 POINTS WANEFMAC7 3.3.058. MY NOTES ASK YOUR TEACHER Pensions

2. -/6.76 POINTS WANEFMAC7 3.3.058. MY NOTES ASK YOUR TEACHER Pensions Meg's pension plan is an annuity with a guaranteed return of 7% per year (compounded quarterly). She would like to retire with a pension of $50,000 per quarter for 5 years. If she works 21 years before retiring, how much money must she and her employer deposit each quarter? (Round your answer to the nearest cent.)

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