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Question 8 [5 points] A $35,500 loan at 8% compounded quarterly is to be repaid with four equal quarterly payments. The first payment in one
Question 8 [5 points] A $35,500 loan at 8% compounded quarterly is to be repaid with four equal quarterly payments. The first payment in one year after the loan. Calculate the amount at each payment. For full marks your answer(s) should be rounded to the nearest cent, Payment = $ 0.00
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