Question: $80,000 is due 20 years from today. The borrower wants to make quarterly payments into a fund that will earn compound interest at an annual

$80,000 is due 20 years from today. The borrower wants to make quarterly payments into a fund that will earn compound interest at an annual rate of 5%, compounding monthly. What will the quarterly payments have to be? $366.46$586.33$439.75

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