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Alysha would like to borrow $ 4 5 , 0 0 0 to pay one year s tuition at a private U . S .

Alysha would like to borrow $45,000 to pay one years tuition at a private U.S. university. She would like to make quarterly payments and finish repaying the loan in 5 years. If the bank is quoting her a rate of 6 percent compounded monthly, determine her quarterly payment. (Round effective interest rate to 4 decimal places, e.g.25.1253% and final answer to 2 decimal places, e.g.125.12.)

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