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What is the quarterly repayment for old balance

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Reference no: EM133116362

Old Balance real estate wants to borrow $3.5 million to invest in a retirement village project. The interest rate for the borrowing is 8% in APR compounded quarterly. If Old Balance wants to pay back a fixed amount of money per quarter in perpetuity, what is the quarterly repayment for Old Balance?

Reference no: EM133116362

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