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Apex Fabricating wants to accumulate $801,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 6.80% compounded monthly, what should the size of these payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The quarterly payments $43,984.02 X

Apex Fabricating wants to accumulate $801,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 6.80% compounded monthly, what should the size of these payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The quarterly payments $43,984.02 X

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Apex Fabricating wants to accumulate $801,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 6.80% compounded monthly, what should the size of these payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The quarterly payments $ 43,984.02
Transcribed Image Text:Apex Fabricating wants to accumulate $801,000 for an expansion expected to begin in four years. If today Apex makes the first of equal quarterly payments into a fund earning 6.80% compounded monthly, what should the size of these payments be? (Do not round intermediate calculations and round your final answer to 2 decimal places.) The quarterly payments $ 43,984.02
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