Question: Jane took out a $ 1 0 , 9 0 0 loan at 5 . 2 1 % compounded monthly to purchase new equipment for
Jane took out a $ loan at compounded monthly to purchase new
equipment for her business. The loan agreement required her to make quarterly
payments for years, with the first payment made years from now.
What is the size of Jane's loan payment? Enter your answer in blank #
Round your answer to decimal places and include the $ sign.
How much interest did Jane pay on the loan? Enter your answer in blank #
Round your answer to decimal places and include the $ sign. Enter your
answer in the form $
Blank #
Blank #
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