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Question 12 (0.5 points) Saved $60,000 is due 20 years from today. The borrower wants to make quarterly payments into a fund that will earn

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Question 12 (0.5 points) Saved $60,000 is due 20 years from today. The borrower wants to make quarterly payments into a fund that will earn compound interest at an annual rate of 5%, compounding monthly. What will the quarterly payments have to be? $633.48 $439.75 $366.46

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