What quarterly payment is necessary to accumulate $1.5million over 15 years if the effective annual interest rate is 12.55%, compounded quarterly? Assume payments are made at the end of each quarter.
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What quarterly payment is necessary to accumulate $1.5million over 15 years if the effective annual interest rate is 12.55%, compounded quarterly? Assume payments are made at the end of each quarter.
How much months means quarterly mode
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