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- (-/5.26 Points) DETAILS TANAPMATH7 4.3.024 MY NOTES ASK YOUR TEACHER A group of private investors purchased a condominium complex for $5 million. They made

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- (-/5.26 Points) DETAILS TANAPMATH7 4.3.024 MY NOTES ASK YOUR TEACHER A group of private investors purchased a condominium complex for $5 million. They made an initial down payment of 15% and obtained financing for the balance. If the loan is to be amortized over 10 years at an interest rate of 6.1%/year compounded quarterly, find the required quarterly payment. (Round your answer to the nearest cent.) $

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