[Solved] Edward gets a $ 4 0 0 , 0 0 0 loan. His l

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Edward gets a $ 4 0 0 , 0 0 0 loan. His loan has a period of 1 0 years and an annual interest

Edward gets a $

400, 000

loan. His loan has a period of

10

years and an annual interest rate of

5 % .

He pays equal payments every quarter, and his interest is compounded quarterly. What would be his quarterly loan payment?

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