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CTL (Concrete Testing Lab) borrowed $80,000 for new equipment at 12% 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 12% per year, compounded quarterly. It is to be paid back over 4 years in equal quarterly payments.

a)How much interest is in the 6th payment?

b)How much principal is in the 6th payment?

c)What principal is owed immediately following the 6th payment?

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