DOIT incorporated. has borrowed $543,000 from ANZ to purchase new gym equipment, with the loan...
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Accounting
DOIT incorporated. has borrowed $543,000 from ANZ to purchase new gym equipment, with the loan to be repaid via quarterly payments over six years at an annual interest rate of 8.42%, and with each payment to take place at the beginning of each quarterly period. What will the quarterly repayments be?
$95,277.71
$28,452.69
None of these options
$49,245.07
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