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Find the minimum number of payments that must be made to accumulate the given amount of money at the stated interest rate. Also, find the
Find the minimum number of payments that must be made to accumulate the given amount of money at the stated interest rate. Also, find the amount of the annuity if $16,000 needed, payments of $650 are made at the end of each quarter at 88% compounded quarterly.
The minimum number of quarterly payments ___
The amount of annuity is ___
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