A couple would like to have 50000 at the end of 4 years, Engineering Mathematics

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A couple would like to have 50000 at the end of 4 years

Question: A couple would like to have $50,000 at the end of 4½ years. They can invest $10,000 now and make additional contributions at the end of each quarter over the 4½ years. If the investment earns 7.7%, compounded quarterly, what size payments will enable them to reach their goal?

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Engineering Mathematics: A couple would like to have 50000 at the end of 4 years

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Engineering Mathematics: A couple would like to have 50000 at the end of 4 years

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