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Jacobs Company borrowed $10,000 on a two-year, 7% note payable to the local bank on April 1st. Interest was only paid quarterly and the whole

Jacobs Company borrowed $10,000 on a two-year, 7% note payable to the local bank on April 1st. Interest was only paid quarterly and the whole note was paid on time. Calculate the quarterly payments, including the last payment.

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