Question: You have taken a 9year loan from Southpac Bank to buy a motorbike and have to make quarterly payments of $574 with the first payment

You have taken a 9year loan from Southpac Bank to buy a motorbike and have to make quarterly payments of $574 with the first payment due in 3 months. What is the size of the loan today at a discount rate of 11.4% APR? 35 |:l (Give answer to 2 decimal places)

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