Question: A payment is made into a sinking fund, which earns 5% compounded quarterly and produces $32,000 at the end of 2.5 years. Payments are made

A payment is made into a sinking fund, which earns 5% compounded quarterly and produces $32,000 at the end of 2.5 years. Payments are made at the end of each period.

What is the payment size?

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