Question: Your pension plan is an annuity with a guaranteed return of 3 . 9 % per year ( compounded quarterly ) . You can afford

Your pension plan is an annuity with a guaranteed return of 3.9% per year (compounded quarterly). You can afford to put $1,500 per quarter into the fund, and you will work for 44 years before retiring. After you retire, you will be paid a quarterly pension based on a 25-year payout.
How much will you receive each quarter?

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