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A company must make a payment of $ 3 5 0 , 0 0 0 two years from today. How much must the company deposit

A company must make a payment of $

350, 000

two years from today. How much must the company deposit per quarter in an account that earns

4 %

interest every quarter so that it has $

350, 000

at the end of

2

years?

(

Hint: interest rate is already given as per quarter

) .

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