Question: CTL (Concrete Testing Lab) borrowed $40,000 for new equipment at 9% per year, compounded quarterly. It is to be paid back over 5 years in

CTL (Concrete Testing Lab) borrowed $40,000 for new equipment at 9%

CTL (Concrete Testing Lab) borrowed $40,000 for new equipment at 9% per year, compounded quarterly. It is to be paid back over 5 years in equal quarterly payments Click here to access the TVM Factor Table Calculator How much interest is in the 6th payment? $ carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5. How much principal is in the 6th payment?$ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5 what principal is owed immediately following the 6th payment? carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5

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