How much money must she and her employer deposit each, Financial Management

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How much money must she and her employer deposit each

Meg's pension plan is an annuity with a guaranteed return of 6% per year (compounded quarterly). She would like to retire with a pension of $30,000 per quarter for 20 years. If she works 40 years before retiring, how much money must she and her employer deposit each quarter? HINT [See Example 5.] (Round your answer to the nearest cent.) $

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