Fint the periodc payments PNT necessary to accumutate the given amount in an annity account. (Assume end-of-period deposita and oompounding at the same intervais as deposits. Round your answer to the nearest cent.) $65,000 in a fund paying 3% per year, wth quarterty payments for 20 years

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Fint the periodic payments PAT necessary to accumulate the given amount in an annity account. (Assume end-of-period deposita and compounding at the same intervals as depovits. Round your
answer to the nearest cent.)
$65,000 in a fund paying 3% per year, whth quarterty payments for 20 years
PHT-1
Transcribed Image Text:Fint the periodic payments PAT necessary to accumulate the given amount in an annity account. (Assume end-of-period deposita and compounding at the same intervals as depovits. Round your answer to the nearest cent.) $65,000 in a fund paying 3% per year, whth quarterty payments for 20 years PHT-1
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