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A debt of $ 1 , 0 0 0 , 0 0 0 is being paid in quarterly payments over 2 years, with interest of

A debt of $1,000,000 is being paid in quarterly payments over 2 years, with interest of 42% per year compounded quarterly. Immediately after making the third quarterly payment, the debtor makes an extraordinary non-agreed payment of $300,000 and requests that a new payment plan be presented, taking into account that the number of remaining quarterly installments remain unchanged, hoping that the amount of each one will be reduced. .
a) Calculate the amount of the quarterly payments without considering the extraordinary payment.
b) When would the debtor finish paying considering the extraordinary bonus of $300,000?

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