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QUESTION 2 You obtained a loan of $100.000 from the bank. You must pay 12% compounded quarterly on this loan. You must repay this loan

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QUESTION 2 You obtained a loan of $100.000 from the bank. You must pay 12% compounded quarterly on this loan. You must repay this loan back in 10 equal annual payments over the next 10 years. How much is each payment

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