CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 8% per year, compounded quarterly It is to be paid back over 5 years in equal quarterly payments Click here to access the TVM Factor Table Calculator 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 ts 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 ts What principal is owed immediately following the 6th payment? Carry all interim calculations to 5 decimal places to the nearest and then round your final