Leverage, Inc., has a USD 10 million loan that carries an indicated annual interest rate of 4% with quarterly compounding. According to the terms, the loan shall be serviced in 20 identical quarterly tranches (interest plus repayment of notional), starting in exactly 3 months. Based on this information, what's Leverage's quarterly loan payment?

Answer rating: 100% (QA)

i Given Loan amount is 10000000 ii Given Annual interest rate with quar... View the full answer