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Suppose that a company borrows $100,000 from investment pool at 14% compounded quarterly over 3 years. If the average quarterly general inflation rate is expected

Suppose that a company borrows $100,000 from investment pool at 14% compounded quarterly over 3 years. If the average quarterly general inflation rate is expected to be 0.35%, determine the equivalent equal quarterly payment series in constant dollars.

$1159

$1375

$3260

$10,124.25

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