b. One year from today you must make a payment of $10,000. To prepare for...
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Accounting
b. One year from today you must make a payment of $10,000. To prepare for this payment, you plan to make two equal quarterly deposits (at the end of Quarters 1 and 2) in a bank that pays 10% nominal interest compounded quarterly. How large must each of the two payments be? Do not round intermediate calculations. Round your answer to the nearost cent
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