Question: PLEASE(show the steps and equations!(not just factor form)) (don't write using excel) Question 2.8 (10pts) To buy a new machine a company takes a loan

PLEASE(show the steps and equations!(not just factor form)) (don't write using excel)

Question 2.8 (10pts) To buy a new machine a company takes a loan of $65,000 to be repaid in quarterly installments for 10 years at 12% interest compounded monthly. If the general inflation rate is 7% compounded monthly, find the actual and constant dollar value of the 20th payment of this loan. A) A20=$465,548.36,A20=$1,824.40, B) A20=$455,000A20=$320,973.68 C) A20=$9,585.68,A20=$7,469.21, D) Answers A, B and C are not correct

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