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CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 10% per year, compounded quarterly. It is to be paid back over 5 years in

CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 10% per year, compounded quarterly. It is to be paid back over 5 years in equal quarterly payments. How much interest is in the 6th payment? $ How much principal is in the 6th payment? $ What principal is owed immediately following the 6th payment? $

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