Question: A deferred annuity is purchased with a lump sum amount of $308,273.17. Suppose money is worth 5% compounded quarterly, and 13 years after the 5

A deferred annuity is purchased with a lump sum amount of $308,273.17. Suppose money is worth 5% compounded quarterly, and 13 years after the 5 year deferral period, the account is empty. Use this information to compute how much the annuity will pay per quarter after the deferral period.

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