Mathematics, 26.06.2020 15:01 emath8082

Using technology, determine the quarterly payment on a 4 year loan of $16,231 at 5.1% compounded quarterly. Round your answer to the nearest cent. a.

$1,125.69

c.

$1,518.85

b.

$1,127.86

d.

$1,508.31

Please select the best answer from the choices provided

A

B

C

D

Answers: 1

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Using technology, determine the quarterly payment on a 4 year loan of $16,231 at 5.1% compounded qua...