Question: DEF Corp. wants to accumulate $ 1 , 2 0 0 , 0 0 0 to purchase new technology in 1 2 years. They plan

DEF Corp. wants to accumulate $1,200,000 to purchase new technology in 12 years.
They plan to set aside an equal amount of money at the start of each quarter, beginning
now. The firm can earn an APR of 10% compounded quarterly. How much should the
firm save each quarter to reach their goal? How to do this using excel?

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