Question: For this question there's no rounding in between calculations only the final answer can be rounded to the nearest cent. you have taken out a

For this question there's no rounding in between calculations only the final answer can be rounded to the nearest cent.

you have taken out a loan of $10,000 at a rate of 3% compounded semiannually. To repay the loan you must make quarterly payments starting at the end of this quarter for five years. What should the size of the payment be so that this loan is fully repaid at the end of five years?

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