Question: Jack borrows $11,000 to be repaid in 5 equal year-end amounts over 5 years. If the interest rate is 14.4% per annum compounded quarterly, Jacks

Jack borrows $11,000 to be repaid in 5 equal year-end amounts over 5 years. If the interest rate is 14.4% per annum compounded quarterly, Jacks annual repayment is (rounded to nearest dollar; dont include the $ sign or commas):

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