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(Solved): New Scenario (Independent): Robert takes out a loan today. The interest rate is 11.4% p.a. compounde ...



New Scenario (Independent): Robert takes out a loan today. The interest rate is 11.4% p.a. compounded quarterly. To fully repay the loan, Robert will make quarterly repayments of $9,292 starting in 6 years. He needs to make 82 repayments in total. Calculate the orginal loan Robert borrows.



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