finance-The interest rate on a $110,000 loan is 13.5% compounded quarterly

finance-The interest rate on a $110,000 loan is 13.5% compounded quarterly

finance-The interest rate on a $110,000 loan is 13.5% compounded quarterly

The interest rate on a $110,000 loan is 13.5% compounded quarterly. What quarterly payments will reduce the balance to $85,000 after five years?

 

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