Frank and his partners have contracted to purchase the franchise rights, worth $72,000, to open and operate a specialty pizza restaurant called Pepperoni's. With a renewable agreement, the partners have agreed to make payments at the beginning of every three months for five years. To accommodate the renovation period, Pepperoni's corporate office has agreed to allow the payments to start in one year, with interest at 8.13% compounded monthly. What is the amount of each payment?

Frank and his partners have contracted to purchase the franchise nights, worth $72,000, to coen and operale a specisiby pirza rostaurant caled Pepperon's. With a renewabie agreemert, the to start in one your, with imtorest at B. 13\% compounded monthy. What is the amount de each paymect? The amount of esch piryment is 5 (Round the final answor to the nearest cent as needed. Round al intermediate values to sox decimul places as needed)