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Please help me with this finance problem. Thank you. On January 1, 2020, John Jacob Dingleheimerschmidt borrowed $1,250.00 from the Friendly Finance Company. The loan

Please help me with this finance problem. Thank you. image text in transcribed

On January 1, 2020, John Jacob Dingleheimerschmidt borrowed \$1,250.00 from the Friendly Finance Company. The loan is to be repaid in six equal installments due at the end of March, June, September, December, 2020, and March and June, 2021. If the Friendly Finance Company charges 20% interest, compounded quarterly: (Show your work.) A) What is the amount of each payment? B) What is the nominal interest rate? C) What is the effective interest rate

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