Need help with university finance question?

Beef B Asked: Need help with university finance question?

The interest rate on a $300,000 loan is 6% APR, compounded quarterly. Suppose the loan is to be repaid in three equal installments due 2, 4 and 8 years after the date of the loan. Calculate the size of these payments. (i.e. C2 = C4 = C8 = ?)

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