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What should the size of the payments be for apex fabricating

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Reference no: EM132591888

Question 1: Apex Fabricating wants to accumulate $600,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 4.05% compounded monthly, what should the size of these payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Reference no: EM132591888

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