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Brooke is the CFO of Henderson Golf Courses Inc. HGCI is borrowing $1 million to expand the business. The loan will be for ten years

Brooke is the CFO of Henderson Golf Courses Inc. HGCI is borrowing $1 million to expand the business. The loan will be for ten years at 12% annual interest and will be repaid in quarterly installments. What will the quarterly payments be?

A. $43262

B. $44246

C. $54399

D. $58492

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