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DOIT incorporated. has borrowed $543,000 from ANZ to purchase new gym equipment, with the loan...

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Accounting

DOIT incorporated. has borrowed $543,000 from ANZ to purchase new gym equipment, with the loan to be repaid via quarterly payments over six years at an annual interest rate of 8.42%, and with each payment to take place at the beginning of each quarterly period. What will the quarterly repayments be?

$95,277.71

$28,452.69

None of these options

$49,245.07

Answer & Explanation Solved by verified expert
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