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sir i need handwritten answer The interest rate on a loan of $100.D is 1596 compounded quarterly. What quarterly {ending} payments will reduce the balance

sir i need handwritten answer

The interest rate on a loan of $100.D is 1596 compounded quarterly. What quarterly {ending} payments will reduce the balance to $?5,000 after 5 years? Hint: Consider the balance of the loan after 5 years as an outow of cash

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