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= (1 point) Carl borrows $5500 to be repaid with quarterly payments over 12 years at j4 = 4.5%. Carl made the first 2 payments

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= (1 point) Carl borrows $5500 to be repaid with quarterly payments over 12 years at j4 = 4.5%. Carl made the first 2 payments and then missed 3 payments in a row. What new quarterly payments must he make to repay the loan under the original term? Answer: $ NOTE: When calculating a payment, round appropriately and carry that value through further calculations

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