Question: Andr s already knows that he will have $ 2 5 0 , 0 0 0 when he retires. If he sets up a payout

Andrs already knows that he will have $250,000 when he retires. If he sets up a payout annuity for 28
years in an account paying 4.15% interest, how much could the annuity provide each quarter? Round your
answer to the nearest dollar.
Andrs already knows that he will have $250,000 when he retires.

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