Ingrid wants to buy a $22.000 in 7 years. How much money must she deposit the...

Question

Question

business accounting

Answer 1

Answer #1

Amount to be deposited at the end of each quarter is calculated using the PMT function as follows:

=PMT(rate,nper,pv)

=PMT(5.4%/4,7*4,-22000)

=948.78

Answer 2

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