Future value of ($ 500,000) from an account bearing (2.11 %) interest compounded quarterly for 30 years.
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Future value of \(\$ 500,000\) from an account bearing \(2.11 \%\) interest compounded quarterly for 30 years.
Find the payment per period necessary to reach a specified future value based on the given interest rate, compounding periods per year, and number of years. Recall, the number of payments per year and the number of compounding periods per year are the same.
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