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Suppose you take out a loan of $12,000 at 6% APR compounded monthly. The terms of the loan require you to make equal end of

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Suppose you take out a loan of $12,000 at 6% APR compounded monthly. The terms of the loan require you to make equal end of quarter payments each quarter for 4 years and then an additional final payment of $5000 4 years from today. What will your equal quarterly payment be? Assume the first quarterly payment takes place one quarter from today and the last payment takes place 4 years from today. (Note: round your interest rate to at least 2 digits, example x.xx%) Show your work! Upload Choose a File

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