Question: please solve and show steps Question 1 5 pts Harrison takes out a short term high interest loan. Harrison receives $4000 today and will repay

please solve and show steps please solve and show steps Question 1 5 pts Harrison takes

Question 1 5 pts Harrison takes out a short term high interest loan. Harrison receives $4000 today and will repay the loan with quarterly payments for 6 quarters. The interest rate charged is a nominal rate of 20% compounded quarterly. Find the quarterly payment amount. Round your answer to the nearest .xx

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