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4. A equal principal payment loan of $3000 is amortized by means of 12 quarterly payments, beginning one quarter after the loan is made. The
4. A equal principal payment loan of $3000 is amortized by means of 12 quarterly payments, beginning one quarter after the loan is made. The interest rate is 8% APR compounded quarterly a. The total payment due the second quarter is closest to: (8 Pts) a. $488 b. $366 c. $372 d. $310 e. $305 f. $496
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