Ivanhoe Inc. wishes to accumulate $1,344,700 by December 31, 2027, to retire bonds outstanding. The company deposits $202,800 on December 31, 2017, which will earn interest at 10% compounded quarterly, to help in the retirement of this debt. In addition, the company wants to know how much should be deposited at the end of each quarter for 10 years to ensure that $1,344,700 is available at the end of 2027. (The quarterly deposits will also earn at a rate of 10%, compounded quarterly.)
Annuity of value of quarterly deposits ?
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