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You must make a payment of $1,000 in 10 years. To get the money for this payment, you will make 5 equal deposits, beginning today

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You must make a payment of $1,000 in 10 years. To get the money for this payment, you will make 5 equal deposits, beginning today and for the following 4 quarters, in a bank that pays a nominal interest rate of 4% with quarterly compounding. How large must each of the 5 payments be? O $113.56 O $103.42 $137.02 O S124.72 O $94.20 Previous

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