Question: ( 1 0 points ) A four year annuity has end of quarter payments. For the first year ( i . e . , the

(10 points) A four year annuity has end of quarter payments. For the first year (i.e., the first four payments), the quarterly payment is x. In each subsequent year, the quarterly payment decreases by 2%. Based on a nominal interest rate of 8% convertible quarterly, the present value for the annuity is 97273.047375. Find x.
(10 points) A four year annuity has end of quarter payments.

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