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Jasmine borrowed $250,000 to finance an expansion of her growing business. The loan agreement requires equal payments every three months for nine years.If the first
Jasmine borrowed $250,000 to finance an expansion of her growing business. The loan agreement requires equal payments every three months for nine years.If the first payment is due two years after the date of the purchase and interest is 8.3% compounded monthly,what is the size of the payments?
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