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(1 point) A debt of $40000 is amortized by payments of $12500 at the end of each quarter for as long as needed. What interest

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(1 point) A debt of $40000 is amortized by payments of $12500 at the end of each quarter for as long as needed. What interest rate j4 is being charged? Payment Number Quarterly Payment Interest Payment Principal Payment Outstanding Balance 1 12500 300.00 12200.00 27800.00 2 12500 208.50 12291.50 15508.50 Answer: 0.244 %

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