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  3. you borrow $30,000 to buy a car. the loan is to be

you borrow $30,000 to buy a car. the loan is to be paid off in...

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Accounting

you borrow $30,000 to buy a car. the loan is to be paid off in quarterly installments over four years at 12 percent annual interest rate. the first payment is due one quarter from today. what is the amount of each quarterly payment?

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