Matr's Machine Shop purchased a computer to use in tuning engines To finance the purchase the company borrowed 14,200 at 9 % compounded semi - annually To repay the loan equal quarterly payments are made over three years , with the first payment due two years after the date of the loan

What is the size of each quarterly payment ? The size of each quarterly payment is ( Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed )

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