Question: please help! CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 9% per year, compounded quarterly. It is to be paid back over 3

please help! CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at

please help!

CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 9% per year, compounded quarterly. It is to be paid back over 3 years in equal quarterly payments. Part a Your answer is incorrect. How much interest is in the 6th payment? \$ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is \pm 5

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