How much would you have to pay into an account at the beginning of every six months to accumulate $13,400.00 in 8 years, if interest is 11% compounded quarterly? The payments would have to be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

How much would you have to pay into an account at the beginning of every six months to accumulate $13,400.00 in 8 years, if interest is 11% compounded quarterly? The payments would have to be $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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