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BA/350 BA/350 ASSIGNMENT 5 PROBLEM 15 -ANSWER KEY

BA/350 BA/350 ASSIGNMENT 5 PROBLEM 15 -ANSWER KEY
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BA/350 ASSIGNMENT 5 PROBLEM 15

Sam wants to borrow $15,500 to be repaid in quarterly installments over five years at 16% compounded quarterly. How much will his payment be?

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