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hii need help, this is the answer at the end, but where does the 1.5% comes from, how i determine that number?? You borrow $30,000

hii need help, this is the answer at the end, but where does the 1.5% comes from, how i determine that number?? image text in transcribed
You borrow $30,000 to buy a car. The loan is to be paid off in 10 equal quarterly payments at 6% interest annual interest rate. The first payment is due one quarter from today. What is the amount of each quarterly payment (rounded)? A. $1,777. B. $2,803. C. $3,253. D. None of the above. C A L B E C C D PV = Annuity PV Annuity Factor 30,000= Annuity 9.22218(1.5% and 10 periods ) Annuity =3,253

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