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Eighty days ago, Emma was supposed to pay $870 to Regina. She also will owe Regina $1,230 in 120 days. However, Emma is unable to

Eighty days ago, Emma was supposed to pay

$870

to Regina. She also will owe Regina

$1,230

in 120 days. However, Emma is unable to pay these amounts; so instead, Regina has agreed to accept two equal payments due after three months and six months, respectively. If the interest rate is

1.25%

, determine the size of the quarterly payments.\ 6:25 p.m.

image text in transcribed
Eighty days ago, Emma was supposed to pay $870 to Regina. She also will owe Regina $1,230 in 120 days. However, Emma is unable to pay these amounts; so instead, Regina has agreed to accept two equal payments due after three months and six months, respectively. If the interest rate is 1.25%, determine the size of the quarterly payments

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