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Macy’s father will help her buy a house for $100,000 with a 10 – year loan. He does not mind lending her money at the same rate that his money market account provides, which is 6% per year. Macy feels she can give her dad $25,000 at the end of 10 years from her savings account while makingquarterly payments. What quarterly amount, paid at the end of every quarter, will shde have to give to her dad?

What would the quarterly payments be if made at the beginning of the quarter?

 

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