What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? Q 8% Compounded quarterly $1,900 $2,600 1 Quarters 5 6 7 0 1 2 3 4 (Deposit) The amount of the quarterly deposits A should be s (Round to the nearest dollar.)

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly?
8% Compounded quarterly
$1,900
$2.600
Quarters
5
2
3
4
8
(Deposit)
The amount of the quarterly deposits
should be S. (Round to the nearest dollar.)
Transcribed Image Text:What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 8% compounded quarterly? 8% Compounded quarterly $1,900 $2.600 Quarters 5 2 3 4 8 (Deposit) The amount of the quarterly deposits should be S. (Round to the nearest dollar.)
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