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A loan of L is taken over ten years and will be repaid using the sinking fund method with equal size quarterly payments ( i
A loan of is taken over ten years and will be repaid using the sinking fund method with equal size
quarterly payments ie end of quarter each of size at a nominal annual interest rate of
compounded quarterly. The outstanding balance for this loan after the payment is L
Calculate L Give your answer rounded to the nearest whole number ie X
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