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Ten years from today you must make a payment of $1,432.02. to prepare for this payment, you will make 5 equal deposits, beginning today and for the next 4 quarters, in a bank that pays a nominal interest rate of 12 percent, quarterly compounding. how large must each of the 5 payments be?
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Ten years from today you must make a payment of $1,432.02. to prepare for this payment, you will mak...
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