What quarterly payments should Giovanni pay to save $99,000 in 9 years if money can earn 3% compounded monthly?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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What quarterly payments should Giovanni pay to save $99,000 in 9 years if money can earn 3% compounded monthly?  

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