A distribution centre is planning for expansion in five years. They have set up a sinking fund account in order to accumulate $750,000 with deposits made at the beginning of each quarter at 5.5% compounded annually. What should be the size of the quarterly payments?

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The Answer of A distribution centre is planning for expansion in five years. They have set up a sinking fund account in order to accumulate $750,000 with deposits made at the beginning of each quarter at 5.5% compounded annually. What should be the size of the quarterly payments?

A Distribution Centre Is Planning for Expansion in Five Years