Question: You just borrowed $ 1 6 0 , 7 5 3 . You plan to repay this loan by making regular quarterly payments of X

You just borrowed $160,753. You plan to repay this loan by making regular quarterlypayments of X for24quartersand a special payment of $38,000 in 13quarters. The interest rate on the loan is 1.27percent per quarterand your first regular payment will be made today. What is X?

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