Question: it is now January 2016 and you will need $2000 on January 1,2020, in 4 years and your bank compounds interest at an 8% annual

it is now January 2016 and you will need $2000 on January 1,2020, in 4 years and your bank compounds interest at an 8% annual rate.if you want to make four equal payments on each January 1, from 2017 through 2020 to accumulate the $1000 how large must the payment be?

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