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Mr. Broody acquired a loan of Php 40,000 from a credit union that charges interest of 16% compounded quarterly. He promised to settle his obligation

Mr. Broody acquired a loan of Php 40,000 from a credit union that charges interest of 16% compounded quarterly. He promised to settle his obligation by making quarterly payments for 3 years. Find her quarterly payment.

Group of answer choices

4,262.08

5,327.61

4,327.61

5,732.08

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