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Quarterly payments of $675 are required to settle a loan. The interest rate on the loan is 9.6% compounded quarterly. Find the amount of a
Quarterly payments of $675 are required to settle a loan. The interest rate on the loan is 9.6% compounded quarterly. Find the amount of a single payment which will settle the debt on January 1, 2018 given the date of the first payment and the date of the last payment. A: April 1, 2011; October 1, 2016 B: July 1, 2019, April 1, 2023 C: January 1, 2005; July 1, 2010 Cannot use Excel.
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