Find the amount of each payment

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Question: A community college has estimated that it needs $480,000 in 5 years to remodel their student gym. To save for the estimating remodeling costs, they decide to make payments into an account at the end of each quarterly period. Find the amount of each payment assuming an interest rate of 4.8% compounded quarterly.

Reference no: EM131956741

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Find the amount of each payment : A community college has estimated that it needs $480,000 in 5 years to remodel their student gym. To save for the estimating remodeling costs, they decide.

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