Question 1025944
The future value of an ordinary annuity is given by the formula

{{{A = R(( (1+r/n)^(nt) - 1 )/(r/n))}}}

==>{{{20000 = R(( (1+0.10/4)^(4*9) - 1 )/(0.10/4))}}}

==> {{{20000 = R((1.025^36 - 1 )/0.025)}}}

==> {{{500/(1.025^36 - 1 ) = R}}}

==> R = $349.03, the quarterly payment