Annual interest compounded quarterly to accomplish goal

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Reference no: EM131819292

Stan wants to have $150,000 available in four years. What size quarterly deposits does Stan have to make into an account that pays 5.6% annual interest compounded quarterly to accomplish his goal? Assume the first deposit is made in one quarter.

Reference no: EM131819292

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Annual interest compounded quarterly to accomplish goal : What size quarterly deposits does Stan have to make into an account that pays 5.6% annual interest compounded quarterly to accomplish his goal?

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