A father wants to set up a bank account that will pay his daughter $16,000 at the end of quarter (EOQ) 4 and $30,000 at EOQ 8. He will fund this account by making quarterly payments of $X from EOQ 1 through EOQ 7. If the quarterly percentage rate is 2%, what is the value of $X that must be deposited into the account? O a. 6,082.880 O b. 6,621.507 O c. 6,789.396 O d. 6,123.852

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A: * SOLUTION :-

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