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A loan of $3,728 is being repaid by payments at the end of each four-year period for 40 years. Given that i = 13.62%, compute

A loan of $3,728 is being repaid by payments at the end of each four-year period for 40 years. Given that i = 13.62%, compute the payment amount.

A. 511. B. 704. C.1259. D. 1825. E.2500

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