Please make a step to solve this thank you. An investment of $100,000 is to...
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Please make a step to solve this thank you. An investment of $100,000 is to be used to make payments of $4,000 at the end of each quarter for as long as possible. If the rate of interest is 5% convertible quarterly, find the number of regular payments the fund will make, and number of days from the last payment to the exact date using exact time, assuming leap year on the last payment.
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