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Sandy Kupchack just graduated from State University with a bachelor's degree in history. During her...

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Accounting

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Sandy Kupchack just graduated from State University with a bachelor's degree in history. During her four years at the university, Sandy accumulated $8,250 in student loans. She asks for your help in determining the amount of the quarterly loan payment. She tells you that the loan must be paid back in five years and that the annual interest rate is 8%. Payments begin in three months. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Determine Sandy's quarterly loan payment. (Round your final answers to nearest whole dollar amount.) TIN or calculator PVA of $1 function Present value 8.250 Quarterly payment

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