Question: Jonahtahn purchased a machine for $ 7 5 , 0 0 0 using a 7 year loan at 7 . 1 0 % compounded quarterly.

Jonahtahn purchased a machine for $75,000 using a 7 year loan at 7.10% compounded quarterly. If the first payment was made one month from when he purchased the machine, what is the size of the monthly payments?
Question 6 options:
$1,152.31
$1,134.09
$667.81
$663.36

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