5 pts Q8. A student just graduated from University of Houston with a bachelor's degree in...

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5 pts Q8. A student just graduated from University of Houston with a bachelor's degree in marketing. During four years at the university, $18,000 in student loans were accumulated. The student asks for your help in determining the amount of the quarterly loan payment. The loan must be paid back in five years and that the annual interest rate is 8%. Payments begin in three months. D Question 8 5 20 20 C Future Value of 1 Future value of Present value of 1 an ordinary annuity Present value of Present value an ordinary annuity of an annuity due 1.46933 0.68058 5.8666 3.99271 4.31213 8% 1.48595 0.67297 24.2574 16.35143 16.67846 2% Loan Payment $ 5 pts Q8. A student just graduated from University of Houston with a bachelor's degree in marketing. During four years at the university, $18,000 in student loans were accumulated. The student asks for your help in determining the amount of the quarterly loan payment. The loan must be paid back in five years and that the annual interest rate is 8%. Payments begin in three months. D Question 8 5 20 20 C Future Value of 1 Future value of Present value of 1 an ordinary annuity Present value of Present value an ordinary annuity of an annuity due 1.46933 0.68058 5.8666 3.99271 4.31213 8% 1.48595 0.67297 24.2574 16.35143 16.67846 2% Loan Payment $