Question: Jack borrows $12,000 to be repaid in 3 equal year-end amounts over 3 years. If the interest rate is 13.6% per annum compounded quarterly, Jacks

Jack borrows $12,000 to be repaid in 3 equal year-end amounts over 3 years. If the interest rate is 13.6% per annum compounded quarterly, Jacks annual repayment is

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