Find the periodic payments
Problem: The future value of an annuity is A=$32,000. Periodic payments are made quarterly for four years and the annuity earns 8% compounded quarterly. Find the periodic payments.A. $422.40
B. $1,716.80
C. $2000.00
D. $2,160.00
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The future value of an annuity is A=$32,000. Periodic payments are made quarterly for 4 years and annuity earns 8% compounded quarterly. Find periodic payments.
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