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Q1. To finance the development of a new product, a company borrowed $50,000 at 12. 75 % compounded quarterly. The loan is to be repaid

Q1. To finance the development of a new product, a company borrowed $50,000 at 12. 75 % compounded quarterly. The loan is to be repaid after a period of deferment of three years, in equal quarterly payments over seven years. What is the size of the quarterly payment? ( Hint: Two step question; first is the 3 years with 0 PMT/ qtr, then 7 years with a PMT/ qtr

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