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A loan of $50000.00 made today is to be repaid in three equal installments due in one year, two years, and four years respectively. What
A loan of $50000.00 made today is to be repaid in three equal installments due in one year, two years, and four years respectively. What is the size of the equal installments, if money is worth 8.4% compounded quarterly and the focal date is today
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