Find the amount of each payment to be made into a sinking fund which earns 8?% compounded quarterly and produces ?$31,000 at the end of 4

Accounting Nov 12, 2020

Find the amount of each payment to be made into a sinking fund which earns 8?% compounded quarterly and produces ?$31,000 at the end of 4.5 years. Payments are made at the end of each period.

The payment size is ?$?. ?(Round to the nearest? cent.)

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