Question: Number 22 A contract can be fulfilled by making an immediate payment of $3900, or equal payments at the end of every three months for

Number 22 A contract can be fulfilled by making an immediate

Number 22 A contract can be fulfilled by making an immediate payment of $3900, or equal payments at the end of every three months for 3 years. What is the size of the quarterly payments at 5% per annum compounded monthly? ..... The quarterly payments are $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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