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C) You have negotiated a contract to revive quarterly payment for seven years beginning three months from today. If the value of the contract today
C) You have negotiated a contract to revive quarterly payment for seven years beginning three months from today. If the value of the contract today is $2.5 million, what is the amount of the quarterly payment assuming an APR of 4% with quarterly compounding? ________ (Round to the nearest dollar)
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