are considering buying an antique car priced today at $13,000. The bank has offered you a loan to buy it. The loan is a 3-year loan for which you will make quarterly payments (at the end of each quarter/end of each 3-months). The APR for the loan is 12%. How much is the quarterly payment? You can use/access the TVM formulas/excel file by clicking the following link: TVM formulas & excel (these are for ordinary annuities. ** Do not enter the $ sign. Round of to the nearest dollar (no decimals). DO NOT use ommas to separate thousands. For example, if your answer is $4,058.77 then enter 059

You are considering buying an antique car priced today at $13,000. The bank has offered you a loan to buy it. The loan is a 3-year loan for which you will make quarterly payments (at the end of each quarter/end of each 3-months). The APR for the loan is 12%. How much is the quarterly payment? You can use/access the TVM formulas/excel file by clicking the following link: TVM formulas \& excel (these are for ordinary annuities. * Do not enter the \$ sign. Round of to the nearest dollar (no decimals). DO NOT use ommas to separate thousands. For example, if your answer is $4,058.77 then enter