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please help me and explain it! A loan of 2000 made at 8.5 % per annum is to be repaid in four equal payments due
please help me and explain it!
A loan of 2000 made at 8.5 % per annum is to be repaid in four equal payments due at the end of the next four quarters, respectively. Determine the size of the quarterly payments if the agreed focal data is the date of the loan .
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