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1. Holly just borrowed 68,157 dollars from the bank. She plans to repay this loan by...

1. Holly just borrowed 68,157 dollars from the bank. She plans to repay this loan by making equal quarterly payments for 10 years. If the interest rate on the loan is 10.96 percent per year and she makes her first quarterly payment in 3 months from today, then how much must Holly pay to the bank each quarter?

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