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1) You borrow a $ 323,842 add-on interest loan from the credit union and will repay in equal installments over 9 years. The nominal rate

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You borrow a $ 323,842 add-on interest loan from the credit union and will repay in equal installments over 9 years. The nominal rate of interest is 4.40 %. Assuming quarterly repayment and simple rate of interest, obtain the equal quarterly payments.

Round your final answer to two decimal places.

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