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One year from today you must make a payment of $10,000. To prepare for this payment,...

One year from today you must make a payment of $10,000. To prepare for this payment, you plan to make three equal quarterly deposits (at the end of Quarters 1, 2 and 3) in a bank that pays 6& nominal interest compounded quarterly. How large must each of the three payments be? Describe how you reach your final answer.

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