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A debt of R5000 is to be amortised by 5 quarterly payments made at 3-month intervals. If interest is charged at the rate of 12%

A debt of R5000 is to be amortised by 5 quarterly payments made at 3-month intervals. If interest is charged at the rate of 12% convertible quarterly, find the period payment and construct an amortisation schedule. Round the payment up to the nearest cent

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