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A loan of $ 7 5 0 0 0 0 is needed for the air conditioning project. It is to be paid in 1 0

A loan of $750000 is needed for the air conditioning project. It is to be paid in 10
years, with quarterly payments starting at the end of the first quarter. The annual rate of interest for
borrowing is 8% with daily compounding. Calculate the quarterly payments required.

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