7.A loan from CIBC for $245,000 is repaid by making payments at the beginning of every three months for 9 years. If interest is 5.93% compounded quarterly: What is the amount of each payment? Round all answers to two decimal places if necessary. Choose B G N or E N D ? P/Y = C/Y = N = I/Y = % PV = $ PMT = $ FV = $ What is the cost of financing? Round the answer to two decimal places. Cost of Financing = $