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A new car is going to cost the buyer R209 169,00. The buyer intends to make a down payment of R23 400,00 and finance the

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A new car is going to cost the buyer R209 169,00. The buyer intends to make a down payment of R23 400,00 and finance the balance with equal payments made at the end of every three months for the next three years. The interest rate of the loan is 14% per year, compounded quarterly. What is the size of the quarterly payments? Select one: a. R12 722,19 b. R19 224,11 c. R24 067,16 d. R21 645,63

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