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Cooley Landscaping Company borrows $300,000 for a new front-end dirt loader. The bank is willing to loan the funds at 8.5% APR with QUARTERLY payment

Cooley Landscaping Company borrows $300,000 for a new front-end dirt loader. The bank is willing to loan the funds at 8.5% APR with QUARTERLY payment at the end of each quarter for the next 10 years. What is the QUARTERLY payment and how much of the first payment is used to pay for the interest?

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