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Alysha would like to borrow $45,000 to pay one yearstuition at a private U.S. university. She would like to makequarterly payments and finish repaying the
Alysha would like to borrow $45,000 to pay one yearstuition at a private U.S. university. She would like to makequarterly payments and finish repaying the loanin 5 years. If the bank is quoting her a rateof 4 percent compounded monthly, determine her quarterlypayment
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