She makes her first quarterly payment in 3 months from, Financial Management

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She makes her first quarterly payment in 3 months from

Holly just borrowed 91,500 dollars from the bank. She plans to repay this loan by making equal quarterly payments for 12 years. If the interest rate on the loan is 13.32 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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