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a major airline is planning to purchase new plans.It wants to borrow $800 million by issuing bond.The bonds for 10 years period with simple interest

a major airline is planning to purchase new plans.It wants to borrow $800 million by issuing bond.The bonds for 10 years period with simple interest computed quarterly at the rate of 2% per quarter. Interest to be paid each quarter to the bond holder.How mach will the airline have to pay in quarterly interest???

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