Question: Please answer the following questions ! :) My Notes 4-0.9 points O/6 Submissions Used A group of private investors purchased a condominium complex for $4

Please answer the following questions ! :) Please answer the following questions ! :) My Notes 4-0.9 points O/6

My Notes 4-0.9 points O/6 Submissions Used A group of private investors purchased a condominium complex for $4 million. They made an initial down payment of 12% and obtained financing for the balance. The loan is to be amortized over 12 years at an interest rate of 13% per year compounded quarterly. (Round your answers to the nearest cent.) What is the required quarterly payment? How much total interest will be paid on the loan? My Notes D.9 points 06 Submissions used A local moving service recently purchased a van by securing a loan with semiannual payments of $2900 per semiannual period for 7 years at 11% per year compounded semiannually, what was the purchase price of this van? (Round your answer to the nearest cent.) My Notes 6 -09 points 0/6 Submissions Used Lupe made a down payment of $1700 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 10%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $200/month for 60 months. What was the cash price of the car? (Round your answer to the nearest cent.)

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