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1. . Fred borrowed $1,388 to be repaid over 8 years. The loancharges an APR of 4% compounded quarterly. Calculate Fred'squarterly payment.2. An investment that

1. . Fred borrowed $1,388 to be repaid over 8 years. The loancharges an APR of 4% compounded quarterly. Calculate Fred'squarterly payment.2. An investment that is expected to pay $2,600 at the end 2 answers

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