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One year from today, you must make a payment of 1.500.000TL. To prepare for this payment, you plan to make 3 equal quarterly deposits,


 

One year from today, you must make a payment of 1.500.000TL. To prepare for this payment, you plan to make 3 equal quarterly deposits, in 3, 6, and 9 months, in a bank account that pays 32 percent interest, compounded quarterly. How large must each of the payments be?

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