You need a loan to purchase new equipment the loan will be, Finance Basics

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You need a loan to purchase new equipment the loan will be

Question: You need a loan to purchase new equipment. The loan will be paid off over 7 years with payments made at the end of every quarter. If the stated annual rate is 14.00% and quarterly payments are $650, what is the loan amount? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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