Question: Michael plans to retire in 11 years. When he does, he would like to withdraw $3,500 at the beginning of each quarter for 20

Michael plans to retire in 11 years. When he does, he would

Michael plans to retire in 11 years. When he does, he would like to withdraw $3,500 at the beginning of each quarter for 20 years after he retires. If interest is 3.25% compounded semi-annually, how much must he deposit at the end of each month for the 11 years leading up to his retirement?

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