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A city has issued bonds to finance a new convention center. The bonds have a total face value of $ 2 , 0 0 0

A city has issued bonds to finance a new convention center. The bonds have a total face value of $2,000,000 and are payable in 6 years. A sinking fund has been opened to meet this obligation. If the interest rate on the fund is 6.3% compounded quarterly, what will be the quarterly payments? (Round your final answer to two decimal places.)

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