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Your company is buying new property for $221,000. To finance this, the companys bank has offered an amortised loan at 3.65% APR, quarterly compounding, with

Your company is buying new property for $221,000. To finance this, the companys bank has offered an amortised loan at 3.65% APR, quarterly compounding, with 11 years of quarterly payments. What quarterly payment will the company have to make on this loan? Assume that the entire property cost is financed and that payments are made at the end of each period

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