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One year from today you must make a payment of 32.000. To prepare for this payment, you plan to make two equal quarterly deposits

One year from today you must make a payment of 32.000. To prepare for this payment, you plan to make two equal quarterly deposits (at the end of Quarters 1 and 2) in a bank account that pays 14% nominal interest compounded quarterly. How large must each of the two payments be?

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