Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Larson & Company owes bondholders $5,500 interest at the END of each quarter for the next 5 years. How much must they deposit now at 8% interest compounded quarterly to yield an annuity payment of $5,500?

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The Answer of Use Tables 12-1 and 12-2 from your text to answer the following problems. (Round dollars to the nearest cent)
-Refer to Narrative in your text 12-1. Larson & Company owes bondholders $5,500 interest at the END of each quarter for the next 5 years. How much must they deposit now at 8% interest compounded quarterly to yield an annuity payment of $5,500?

Use Tables 12-1 and 12-2 from Your Text to Answer