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Question 2 : A debt of $ 2 4 , 0 0 0 is repaid by quarterly payments of $ 1 , 1 0 0
Question : A debt of $ is repaid by quarterly payments of $ If interest is
compounded quarterly and the payments are made at the end of each quarter,
a how many payments are needed to repay the debt?
b what is the size of the final payment?
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