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Using technology, determine the quarterly payment on a 3 year loan of $13,010 at 5.6% compounded quarterly. Round you answer to the nearest cent.

Using technology, determine the quarterly payment on a 3 year loan of $13,010 at 5.6% compounded quarterly. Round you answer to the nearest cent.
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2 votes
Using technology, determine the quarterly payment on a 3 year loan of $13,010 at 5.6% compounded quarterly. Round you answer to the nearest cent.

User Jure Vizjak
by
8.1k points

2 Answers

4 votes
If the tens place is over 5 round up if its under 5 round down
User Kjl
by
7.8k points
4 votes

Answer:

c.

$1,185.34

Explanation:

took the test

User Will Charczuk
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8.1k points
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