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A community centre available for purchase is valued at $1,697,000. Payments are required at the end of every 3 months for 5 years. If the

A community centre available for purchase is valued at $1,697,000. Payments are required at the end of every 3 months for 5 years. If the interest rate is 9% compounded quarterly, what is the size of the final payment?

Select one:

a. $106,303.69

b. $106,964.40

c. $106,273.12

d. $106,303.59

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