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1.Ms. Alvarado borrows $22,000 to purchase a new car.The car loan is a six year loan (with quarterly payments) and a 7% interest rate.How much

1.Ms. Alvarado borrows $22,000 to purchase a new car.The car loan is a six year loan (with quarterly payments) and a 7% interest rate.How much will each quarterly payment be? P/YR =4

This is an ordinary annuity, so no "BEGIN" on the calculator.

a. 1,130.484

b. 1,283.691

c. 1,893.148

d. 1,569.521

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