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Ivanhoe Inc. wishes to accumulate $1.612.000 by December 31. 2035, to retire bonds
outstanding. The company deposits $248,000 on December 31, 2025, 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 $1,612,000 is available at the end of 2035. (The quarterly
deposits will also earn at a rate of 10%, compounded quarterly.)

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