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Zach wants to borrow money to purchase some music equipment. He can afford to make quarterly payments of $400 for three years to finance his

Zach wants to borrow money to purchase some music equipment. He can afford to make quarterly payments of $400 for three years to finance his debt. Find the amount of money he can borrow for each of the following. a) An add-on loan at 8% b) A 5% discount loan c) An installment loan at 9.6%

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