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What is the size of the payment that must be deposited at the beginning of each quarter in an account that pays 4.2% compounded quarterly,
What is the size of the payment that must be deposited at the beginning of each quarter in an account that pays 4.2% compounded quarterly, so that the account will have a future value of $111,000.00 at the end of 14 years? The quarterly payments are $________. (Round to 2 decimal places.)
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