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You must make a payment of $1,200 five years from today. To prepare for this payment you will make five equal deposits, beginning today and

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You must make a payment of $1,200 five years from today. To prepare for this payment you will make five equal deposits, beginning today and for the next four quarters, in a bank that pays a nominal interest rate of 10% compounded quarterly. How large must each of the five payments be

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