Question: Mr . Bean wants to borrow $ 8 8 0 0 for three years. The interest rate is 6 . 8 % compounded monthly. A

Mr. Bean wants to borrow $8800 for three years. The interest rate is 6.8% compounded monthly. A. What quarterly payments are required on the laon? B. What will be the balance owned on the loan at the start of the third year?

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