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A woman dies, leaving her only surviving daughter an estate of $50,000. The money is invested at j (4) = 8%. How many quarterly payments
A woman dies, leaving her only surviving daughter an estate of $50,000. The money is invested at j (4) = 8%. How many quarterly payments of $1500 will the daughter receive? What would be the amount of any final payment, were it to be paid 3 months after the last full $1500 installment?
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