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Determine the periodic payments on the given loan or mortgage. HINT [ See Example 5 . ] ( Round your answer to the nearest cent.

Determine the periodic payments on the given loan or mortgage. HINT

[

See Example

5 .] (

Round your answer to the nearest cent.

)

1, 000, 000

borrowed at

3 %

for

10

years, with quarterly payments

P M T =

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