CTL (Concrete Testing Lab) borrowed $120,000 for new equipment at 11% per year, compounded quarterly. It is to be paid back over 4 years in equal quarterly payments. Click here to access the TVM Factor Table Calculator x Your answer is incorrect. Try again. 3512.76 How much interest is in the 6th payment? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5. X Your answer is incorrect. Try again. 6994.72 How much principal is in the 6th payment? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 25. x Your answer is incorrect. Try again. 120742.05 What principal is owed immediately following the 6th payment? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 5