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*SHOW WORK WITHOUT USING EXCEL* Rob is considering buying an antique car priced today at $24,000. The bank has offered him a loan to buy

*SHOW WORK WITHOUT USING EXCEL*

Rob is considering buying an antique car priced today at $24,000. The bank has offered him a loan to buy it. The loan is a 2-year loan for which he will make quarterly payments (at the end of each quarter/end of each 3-months). The APR for the loan is 24%. How much is the quarterly payment?

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