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What is the size of quarterly ?payment

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Matt?'s Machine Shop purchased a computer to use in tuning engines. To finance the? purchase, the company borrowed $14,500 at 11% compounded semi-annually. To repay the? loan, equal quarterly payments are made over three ?years, with the first payment due one year after the date of the loan. What is the size of each quarterly ?payment?

Reference no: EM132699121

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