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III Finance Practice 2 Question 3 of 5 point) Question Allot 1 of 1 5 The Allen family wants to save money to travel the
III Finance Practice 2 Question 3 of 5 point) Question Allot 1 of 1 5 The Allen family wants to save money to travel the world. They plan to invest in an ordinary annuity that earns 5.4% interest, compounded quarterly. Payments will be made at the end of each quarter. How much money do they need to pay into the annuity eac quarter for the annuity to have a total value of $13,000 after 13 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. X 5
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