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Donald buys a machine from Biden Manufacturer and signs a contract that calls for a down payment of $ 1 8 0 0 0 and

Donald buys a machine from Biden Manufacturer and signs a contract that calls for a down payment of $18000 and for the payment of $800 at the end of every month for 8 years. The interest rate is 12% p.a. compounded quarterly. If Joe missed the first 15 payments of $800, what must he pay at the time the 16th payment is due to discharge his indebtedness completely?
A.
$57857.61
B.
$59327.45
C.
$53198.98
D.
$61277.36
E.
$63188.59
F.
$51778.58
G.
$53811.67
H.
$54666.22
I.
$55398.52
J.
$55999.81
K.
$56110.39
L.
$48999.68

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