epting submissions until Friday, April $5,2024$ at $11$:$59$ pm

Questions $1-2$ of $2$

Page $1$ of

Question $1(10$ points$)$

COMPLETE THE CALCULATIONS ON PAPER FIRST AND WRITE THE ANSWERS IN THE TABLE:

If $250000$ was invested at $6\mathrm{.}4\%$ compounded quarterly, what payment at the end of each quarter will sustain it as a perpetuity? $($Money should be rounded to $2$ decimal place$)$ USE ONLY CALCULATOR TO CALCULATE YOUR ANSWERS.

PMT

I$/$Y

$\frac{C}{Y}$

PV