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Leverage, Inc., has a USD 10 million loan that carries an indicated annual interest rate of 4% with quarterly compounding. According to the terms, the

Leverage, Inc., has a USD 10 million loan that carries an indicated annual interest rate of 4% with quarterly compounding. According to the terms, the loan shall be serviced in 20 identical quarterly tranches (interest plus repayment of notional), starting in exactly 3 months. Based on this information, whats Leverages quarterly loan payment?

Please help me answer without using excel function.

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