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An investment fund growing at 6.23% compounded quarterly has an accumulated value of $75 000. The fund has been receiving equal payments at the end
An investment fund growing at 6.23% compounded quarterly has an accumulated value of $75 000. The fund has been receiving equal payments at the end of each quarter for the past 3 years. Calculate the size of the payment.
Select one:
a. $1900.09
b. $6900.65
c. $5732.53
d. $24 614.64
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