1 question 3 parts

USE THE FOLLOWING INFORMATION FOR THIS QUIZLET: Cost of asset and amount financed = $ 106,000 Annual interest rate = 12% Installment loan term = 2 years Payments are made 4 times per year (quarterly) Calculate the quarterly payment on the installment note payable. 1. Do not use dollar signs or decimals. 2. Round your answer to the nearest whole dollar. What is the total amount of interest that will be paid on the note payable over the entire note payable. 1. Do not use dollar signs or decimals. 2. Round your answer to the nearest whole dollar. How much interest will the company save if they pay an extra $1,000 of principal at each payment date? 1. Do not use dollar signs or decimals. 2. Round your answer to the nearest whole dollar