Holly just borrowed 57319 dollars from the bank how much, Financial Management

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Holly just borrowed 57319 dollars from the bank how much

Holly just borrowed 57,319 dollars from the bank. She plans to repay this loan by making equal quarterly payments for 8 years. If the interest rate on the loan is 7.44 percent per year and she makes her first quarterly payment in 3 months from today, then how much must Holly pay to the bank each quarter?

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Financial Management: Holly just borrowed 57319 dollars from the bank how much

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Financial Management: Holly just borrowed 57319 dollars from the bank how much

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