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a pet store buys a new dog and cat washing station costing $7,000 with an 8.1% installment note. The note will be paid off with
a pet store buys a new dog and cat washing station costing $7,000 with an 8.1% installment note. The note will be paid off with payments made at the end of each quarter over two years. Each payment is $956.60.
What I'm trying to figure out is what is the fraction... because they say end of each quarter over two years so what fraction would that be? I want to know because I'm creating a Amortisation table and I need the time in order to find the interest payment.
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