A loan of 8600 is to be required with quarterly payments for 5 years at 11.1% interest compounded quaterly calculate the quaterly payment

Math 1300 SP 2021 Homework: Homework 2 Score: 0.75 of 1 pt 1 of 17 (10 complete 36 10.3.1-BE A loan of 58600 is to be repaid with quarterly payments for 5 years 11.1% were compounded quitterly Ceculate the quarterly payment Cloudify the appropriate formula needed to calculate the quarterly payment Select the correct choice below and cl in the answer beves to complute your choice (Type integens ar decimal P with P-560000 and 2775% 1 - (1+0 OP . and OC -4+-1..FS and The quarterly payment is - (Do not found until the inal answer then round to the newest cent as needed)