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Alicia borrows $10,500 from her parents today and promises to make quarterly repayments starting immediately. Her parents charge interest at 5.2% pa. compounded quarterly. If

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Alicia borrows $10,500 from her parents today and promises to make quarterly repayments starting immediately. Her parents charge interest at 5.2% pa. compounded quarterly. If Alicia wants to repay the loan with 10 payments, how much is the quarterly repayment? (Correct to the nearest cent.) (2 marks) 9

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