What quarterly contribution will the company

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Reference no: EM131814165

A business is required to payout $20,000 per month for 10 years beginning in 20 years to pensioners. What quarterly contribution will the company need to make for the next 20 years to meet its obligation? Assume money always earns 4% annually.

(Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Quarterly payments $

Reference no: EM131814165

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