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4. (D-48, effective interest rates) (10 pts) A mining firm must deposit funds in a 'reclamation' account each quarter. The account must have $25M on

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4. (D-48, effective interest rates) (10 pts) A mining firm must deposit funds in a 'reclamation' account each quarter. The account must have $25M on deposit when a project reaches its horizon in 10 years. The account pays an annual interest rate of 8% compounded quarterly. How much is the quarterly deposit? 4. (D-48, effective interest rates) (10 pts) A mining firm must deposit funds in a 'reclamation' account each quarter. The account must have $25M on deposit when a project reaches its horizon in 10 years. The account pays an annual interest rate of 8% compounded quarterly. How much is the quarterly deposit

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