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Josh & Quinn purchased an item valued at $ 165,000. They paid $31,350 down and financed the rest at 2.16% compounded monthly. To reduce the
Josh & Quinn purchased an item valued at $ 165,000. They paid $31,350 down and financed the rest at 2.16% compounded monthly. To reduce the amount owing to $34,230 at the end of 2 years, what size of equal payments must Josh & Quinn make at the end of each three months? Enter the present value as a positive value in the PV box below. Enter PMT and FV as positive or negative values based on PV being positive. Report PMT accurate to the nearest cent. P/Y = C/Y = N = I/Y = PV = $ PMT = $ FV = $ The size of each equal payment is (enter a positive value) $
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