Question: Jane has already saved up $ 1 0 0 , 0 0 0 for retirement. She plans on investing $ 1 , 0 0 0

Jane has already saved up $100,000 for retirement. She plans on investing $1,000 per quarter for 20 years until she reaches retirement (payments occur at the end of the period). She estimate shell earn 8% annually (interest is compounded quarterly). If correct, what will Jane's balance be at retirement? Report you answer to the penny.

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