Question: Amanda would like to accumulate $52,000 for a down payment on a house. She has decided to make deposits on the first of every quarter

Amanda would like to accumulate $52,000 for a down payment on a house. She has decided to make deposits on the first of every quarter in a savings account that pays 6% annual interest, compounded quarterly. You wish to know how much should her quarterly payment be, if Amanda wishes to reach her goal in 5 years. Find the number of payments per year.

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Markec

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c. 4

d. 6 e.

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