How much must holly pay to bank each quarter

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Reference no: EM131873240

Holly just borrowed 82,308 dollars from the bank. She plans to repay this loan by making equal quarterly payments for 7 years. If the interest rate on the loan is 11.08 percent per year and she makes her first quarterly payment in 3 months from today, then how much must Holly pay to the bank each quarter?

Reference no: EM131873240

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