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In 8 years, Lang Company will have to retire a $90,000 bond issue. Assume a 4% interest rate compounded quarterly. How much must Lang Company

In 8 years, Lang Company will have to retire a $90,000 bond issue. Assume a 4% interest rate compounded quarterly. How much must Lang Company pay each period to have $90,000 at the end of 8 years? _____

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