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Urgent help Needed!!!! On January 1, 2020, Rexnord Manufacturing purchased equipment from the Weber Equipment for $30,000. Weber Equipment allows customers to pay in quarterly

Urgent help Needed!!!!

On January 1, 2020, Rexnord Manufacturing purchased equipment from the Weber Equipment for $30,000. Weber Equipment allows customers to pay in quarterly installments and will defer any payments for 12 months, but interest will accrue quarterly for this time period. Rexnord will make 12 quarterly payments beginning on January 1, 2021. The annual interest rate is 8%. What is the quarterly payment? PMT Excel Function Present Value (lump sum) Future Value (lump sum) Annuity Amount (periodic payment) Type of Annuity (0 = Ordinary; 1 = Annuity Due) Annual Interest Rate # of Years # of Compounding Periods or Payments per Year

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