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You must make a payment of $ 1 , 6 0 8 . 0 8 in 1 0 years. To get the money for this

You must make a payment of $1,608.08 in 10 years. To get the money for this payment, you will make five equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 8% with quarterly compounding. How large must each of the five payments be?

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