Question: The interest rate on a $ 1 1 8 , 0 0 0 loan is 7 . 5 0 % compounded quarterly. What quarterly payments

The interest rate on a $118,000 loan is 7.50% compounded quarterly.
What quarterly payments will reduce the balance to $93,000 after five years? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
PMT $
The interest rate on a $ 1 1 8 , 0 0 0 loan is 7

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