Mathematics, 08.03.2021 03:00 brsglover8355

The morgan family wants to save money to travel the world. They plan to invest in an ordinary annuity that earns 3.6% interest, compounded quarterly. Payments will be made at the end of each quarter. How much money do they need to pay into the annuity each quarter for the annuity to have a total value of $14,000 after 13 years?

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