Question: provide formulas and work please Suppose you take out a $10,000 loan at a 6% APR compounded quarterly. The terms of the loan require you

provide formulas and work please

Suppose you take out a $10,000 loan at a 6% APR compounded quarterly. The terms of the loan require you to make equal end-of-quarter payments each quarter for 4 years, and then an additional final payment of $5,000 four years from today. PART 1 (6 points) What will your equal quarterly payments be? (Assume your first quarterly payment is one quarter from today and your last quarterly payment is 4 years from today)

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