Apex Fabricating wants to accumulate $ 8 2 0 , 0 0 0 for an expansion expected

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Question:

Apex Fabricating wants to accumulate $

820, 000

for an expansion expected to begin in four years.If today Apex makes the first of equal quarterly payments into a fund earning

775 %

compounded monthly, what should the size of these payments be

? (

Do not round intermediate calculations and round your final answer to

2

decimal places.

)

The quarterly payments

Posted Date: May 19, 2024 05:01 AM

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Apex Fabricating wants to accumulate $ 8 2 0 , 0 0 0 for an expansion expected

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