John and Rosamond want to retire in 8 years and can save $230 every three months. They plan to deposit the money at the end of each quarter into an account paying 7.42% compounded quarterly. How much will they have at the end of 8 years?
?
Please round the answer to the nearest cent.
?
$ __________

Fill in the blank(s) with the appropriate word(s).


9,927.50

Mathematics

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