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You would like to buy a new fridge that costs $ 2 6 0 6 today. You want to finance that purchase at an interest
You would like to buy a new fridge that costs $ today. You want to finance that purchase at an interest rate of APR quarterly compounded with equal quarterly payments. The first payment is due in one quarter at t and the last payment is due in eight quarters at ta total of quarterly payments. What would be your equal quarterly payments if you decide to buy this fridge?
Answer: Number with decimal. Do not include $ or the thousands separator.
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