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DelSarto Motor Company wants to accumulate $700,000 to pay off an equipment balloon note due in 3 years. How much should DelSarto Motor Company deposit

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DelSarto Motor Company wants to accumulate $700,000 to pay off an equipment balloon note due in 3 years. How much should DelSarto Motor Company deposit each quarter beginning one quarter from today to accumulate the amount required if the bank pays 4% annual interest compounded quarterly? PV PM ILITAT F V 700000

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