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24. A university graduate must repay the government $4201] for uumtanding student loans. The graduate can afford to pay $151] monthly. If the rst payment

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24. A university graduate must repay the government $4201] for uumtanding student loans. The graduate can afford to pay $151] monthly. If the rst payment is made at te end of the rst year and money is worth 11% compounded quarterly, determine the number of foil payments required and the size of the smaller concluding payment. Solution 36; $71.19

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