Solve the following mathematical problems:
A debt of Tk. 1000 with interest at 16%, compounded quarterly, is to be amortized by 20 quarterly equal payments over the next 5 years. What will be the amount of these payments?
A debt of Tk. 1000 with interest at 16%, compounded quarterly, is to be amortized by 20 quarterly equal payments over the next 5 years. What will be the amount of these payments?
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