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A loan of $ 4 0 0 0 0 . 0 0 is to be repaid by equal quarterly payments for 5 years. What is

A loan of $40000.00 is to be repaid by equal quarterly payments for 5 years. What is the size of each quarterly payment if the interest is 5.00% compounded annually? The correct answer is $2,267.66 in the textbook

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