Question: essica Adams borrows $ 1 2 , 0 0 0 and will repay the loan with 1 9 quarterly payments of $ 7 0 0

essica Adams borrows $12,000 and will repay the loan with 19 quarterly payments of $700. The interest rate on the loan is 4=3.15%. a) Calculate the amount of interest that Jessica will pay in the first year of the loan. (4 pts) N= I/Y= P/Y= C/Y= PV= PMT= FV= b) Calculate the amount of principal that Jessica will pay in the third year of the loan. (4 pts) N= I/Y= P/Y= C/Y= PV= PMT= FV= c) Calculate the value of the last payment on Jessicas loan. (4 pts) N= I/Y= P/Y= C/Y= PV= PMT= FV= solve this question according to finance calculator

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