You wish to accumulate $60,000.  You make 14 quarterly deposits into a savings account with an interest rate of 12% per quarter.  What is the amount of each deposit? Group of answer choices $3,511.58 $1,264.40 $1,852.27 $9,052.27

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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You wish to accumulate $60,000.  You make 14 quarterly deposits into a savings account with an interest rate of 12% per quarter.  What is the amount of each deposit?

Group of answer choices
$3,511.58
$1,264.40
$1,852.27
$9,052.27
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