Multiple Choice
Danny bought a camera from Future Shop for $385 at 3% p.a. rate and 4 equal quarterly payments. Determine the size of the quarterly payments if the agreed focal date is the date of the loan.
A) $98.05
B) $96.25
C) $99.14
D) $93.45
E) $128.33
Correct Answer:
Verified
Correct Answer:
Verified
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