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Kala wants to save money to buy a motorcycle, she invests in an ordinary annuity that earns $.4% Interest, compounded quarterly, Payments will be made

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Kala wants to save money to buy a motorcycle, she invests in an ordinary annuity that earns $.4% Interest, compounded quarterly, Payments will be made at the end of each quarter. How much money will she need to pay into the annuity each quarter for the annuity to have a total value of $5000 after 5 years? Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas. sl

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