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A loan for $7,000 is to be repaid by instalments at the end of each quarter for 5 years. The quarterly instalment is more likely

A loan for $7,000 is to be repaid by instalments at the end of each quarter for 5 years. The quarterly instalment is more likely to approximate

Select one:

Select one:

a. $200

b. $300

c. $400

d. $180

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