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Alysha would like to borrow $ 3 0 , 0 0 0 to pay one year's tuition at a private U . S . university.
Alysha would like to borrow $ to pay one year's tuition at a private US university. She would like to make quarterly payments and finish repaying the loan in years. If the bank is quoting her a rate of percent compounded monthly, determine her quarterly payment. Round effective interest rate to decimal places, eg and final answer to decimal places, eg
Quarterly payment
$
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