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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.) $5,000,000 borrowed at 5%

Determine the periodic payments on the given loan or mortgage. HINT [See Example 5.] (Round your answer to the nearest cent.) $5,000,000 borrowed at 5% for 15 years, with quarterly payments.

PMT = ____________

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