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Alexander took a loan of $7,600 from her parents to purchase equipment for her hair salon. If they agreed on an interest rate of 5%

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Alexander took a loan of $7,600 from her parents to purchase equipment for her hair salon. If they agreed on an interest rate of 5% compounded quarterly on the loan, what monthly payments will settle the loan in 5 years if she made her first payment 3 years and 7 months from now? $170.58 $215.15 $143.35 $180.80

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