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Page 5 of 7 Question 5 (5 points) Algonquin Adventurers ( 2022-4) is currently using a large storage facility to manufacture its Kaynoes. This
Page 5 of 7 Question 5 (5 points) Algonquin Adventurers ( 2022-4) is currently using a large storage facility to manufacture its Kaynoes. This was always intended to be a temporary arrangement. They have decided to set aside funds quarterly to be used to construct a more sustainable facility. They plan to build the facility in 7 years at a cost of $1,250,000. If their savings can earn 12% APR compounded quarterly, how much must they save at the end of each quarter? 1. Insert your numeric answer in the ANSWER box (numeric only; no commas; no symbols).
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