Fred and Melissa Furth's daughter Sally will be a freshman in college in six years.....?

lili

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Fred and Melissa Furth's daughter Sally will be a freshman in college in six years. To help cover their extra expenses, the Furths decide to set up a sinking fund of $14,000. If the account pays 6.3% interest and they wish to make quarterly payments,

find the size of each payment. (Round the answer to the nearest cent.)
 
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