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Hannah took a loan of $ 7 , 0 0 0 from his parents to purchase equipment for his hair salon. They agreed on an
Hannah took a loan of $ from his parents to purchase equipment for his hair salon. They agreed on an interest rate of compounded monthly on the loan. What equal quarterly payments made at the end of each period will settle the loan for years if the first payment is to be made years and quarter from now? $ Round to the nearest cent
Hannah took a loan of $ from his parents to purchase equipment for his hair salon. They agreed on an interest rate of compounded monthly on the loan. What equal quarterly payments made at the end of each period will settle the loan for years if the first payment is to be made years and quarter from now?
$
Round to the nearest cent
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