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what formula would be required Determine the payment size required at the end of every three months to repay a five-year loan of $25 000

what formula would be required

Determine the payment size required at the end of every three months to repay a five-year loan of $25 000 if the payments are deferred for two years and interest is 6% compounded quarterly. Question 4Answer

a. $1641.33

b. $1640.00

c. $1640.33

d. $1640.95

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