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If a Periodic Payment P Is Deposited N Times Per

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If a periodic payment p is deposited n times per year, with annual interest rate r also compounded n times per year for t years, the future value of the account is given by If a periodic payment p is deposited n times per year, with annual interest rate r also compounded n times per year for t years, the future value of the account is given by , where . What quarterly investment amount is required to save $5300 in 7 years at an annual rate of 6% compounded quarterly? Round your answer to the nearest cent. , where If a periodic payment p is deposited n times per year, with annual interest rate r also compounded n times per year for t years, the future value of the account is given by , where . What quarterly investment amount is required to save $5300 in 7 years at an annual rate of 6% compounded quarterly? Round your answer to the nearest cent. . What quarterly investment amount is required to save $5300 in 7 years at an annual rate of 6% compounded quarterly? Round your answer to the nearest cent.

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