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a) Justine borrowed money to purchase an RV for $120,000 and will repay the loan quarterly over the next eight years. How much will be

a) Justine borrowed money to purchase an RV for $120,000 and will repay the loan quarterly over the next eight years. How much will be her quarterly payments if she pays a nominal interest rate of 8 percent per year? b) If Justine makes her payments at the beginning of each quarter, how much will be her quarterly payments?

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