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What is the amount of harry quarterly loan payment

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Question - Harry Hopkins graduated from college with a degree in mathematics. During his four years he accumulated $32,000 in student loans. He asked for your help determining the amount of his quarterly loan payments. The loan must be paid back in 10 years and the annual interest rate is 5%

What is the amount of Harry's quarterly loan payment?

What type of problem is it? future value, present value, pv of an annuity, fv of an annuity, pv of an annuity due, or pv of an annuity due.

Reference no: EM131771236

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