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P5-10 (similar to) Question Help Savings with periodic rates. What investment does Patrick need to make at the end of each quarter into his savings
P5-10 (similar to) Question Help Savings with periodic rates. What investment does Patrick need to make at the end of each quarter into his savings account over the coming 11 quarters to reach his vacation goal of $8,000 if he is getting 11% APR on his account? What investment does Patrick need to make at the end of each quarter into his savings account? $ (Round to the nearest cent.)
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