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5.7%, and agree to repay the loan in Suppose you borrow $5,240 at an interest rate of i(4) quarterly instalments of $260. (a) How many

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5.7%, and agree to repay the loan in Suppose you borrow $5,240 at an interest rate of i(4) quarterly instalments of $260. (a) How many regular payments will you make? (b) How big will the last payment be, if you make the payment one period after the final regular payment?

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