Your bank pays 8% interest, compounded quarterly. Use Table 12-2 from your text to find how much you should deposit now to yield an annuity payment of $1,300 at the BEGINNING of each three months, for 2 years.
A. $9,713.59
B. $10,823.13
C. $9,523.13
D. $8,413.59
Answer: A
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