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k -You borrow $5,000 fixed payment loan. What will be the fixed payment if you want to payoff the loan in 4 quarterly payments? The

k

-You borrow

$5,000

fixed payment loan. What will be the fixed payment if you want to payoff the loan in 4 quarterly payments? The quarterly rate is linked with Loan Prime Rate (LPR). The annual LPR is

12%

. How much will be the total interest payment made by you?

image text in transcribed
k-You borrow \$5,000 fixed payment loan. What will be the fixed payment if you want to payoff the loan in 4 quarterly payments? The quarterly rate is linked with Loan Prime Rate (LPR). The annual LPR is 12%. How much will be the total interest payment made by you

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