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An alumnus from the University of Calgary donated $250,000 to provide support for genetics research. The money will make quarterly payments starting one year from
An alumnus from the University of Calgary donated $250,000 to provide support for genetics research. The money will make quarterly payments starting one year from the date of the donation. If the funds are invested at an effective interest rate of 5.2%, what is the size of the payments? Include a well-labelled timeline diagram. Do not round intermediate values in your calculations. Express the final answer to the nearest cent. Provide your final answer in the accompanying textbox. Upload a copy of your hand-written solution to D2L under Assignments inside the Test 2 folder
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