(Answered) Air con ltd is providing firms with a loan that takes into

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"Air Con Ltd is providing firms with a loan that takes into account the scrap value of the equipment at the end of a loan with a special balloon payment at the end of the loan. On a $185,000 aircondtioning system the firm will make 19 regular quarterly payments and in quarter 20 pay the balloon payment of $50,000. If the loan interest rate is 12.8%p.a. what is the amount of the 19 regular quarterly repayments."

7105.26
9592.53
11253.08
13145.31
11199.85

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