Solved: If you need 5000 at the end of 10 years ie 4 years after, Financial Management

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If you need 5000 at the end of 10 years ie 4 years after

You plan to make 24 equal quarterly payments (payments are at the end of each period) into an account to pays 8% (per year compounded quarterly). If you need $5,000 at the end of 10 years (i.e. 4 years after the last payment is made into the account), how much would you have to deposit into the account every quarter? Round your answer to the nearest 10 dollars. Show your work.

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Financial Management: If you need 5000 at the end of 10 years ie 4 years after

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