A business must raise $41,000 in 7 years. What should be the size of the owners' quarterly payment to a sinking fund paying 4% compounded quarterly?
?
Please round the answer to the nearest cent.
?
$ __________

Fill in the blank(s) with the appropriate word(s).


1,276.10

Mathematics

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A.

B.

C.

D.

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What will be an ideal response?

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