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5. Fastback Networks Limited borrowed $40000 for replacement of equipment. The debt is repaid in installments of $2000 made at the end of every three

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5. Fastback Networks Limited borrowed $40000 for replacement of equipment. The debt is repaid in installments of $2000 made at the end of every three months. a) If interest is % compounded quarterly, how many payments are needed? b) How much will Comfort Swim owe after two years? c) How much of the 8th payment is interest

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