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John has a student loan of $12,000. He is planning to start repaying the debt from January 1, 2021 and pay off the debt on

John has a student loan of $12,000. He is planning to start repaying the debt from January 1, 2021 and pay off the debt on Dec 31, 2025. How many dollars should he pay every quarter, if the interest rate is 5.6% compounded quarterly?

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