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CTL (Concrete Testing Lab) borrowed $80,000 for new equipment at 8% per year, compounded quarterly. It is to be paid back over 4 years in

CTL (Concrete Testing Lab) borrowed $80,000 for new equipment at 8% per year, compounded quarterly. It is to be paid back over 4 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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