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You are considering buying an antique car priced today at $ 1 9 , 0 0 0 . The bank has offered you a loan

You are considering buying an antique car priced today at $

19, 000 .

The bank has offered you a loan to buy it

.

The loan is a

5 -

year loan for which you 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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