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Lucy received a loan of $8,700 at 5.75% compounded monthly. She settled the loan by making periodic payments at the end of every three months

Lucy received a loan of $8,700 at 5.75% compounded monthly. She settled the loan by making periodic payments at the end of every three months for 4 years, with the first payment made 2 years and 3 months from now. What was the size of the periodic payments?

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