Langara Woodcraft borrowed money to purchase equipment. The loan is repaid by making payments of $924.37 at the end of every three months over seven years. If interest is 7.3% compounded annually, what was the original loan balance? Derrick bought a car priced at $9300 for 15% down and equal monthly payments for four years. If interest is 8% compounded semi-annually, what is the size of the monthly payment? What is the nominal annual rate of interest compounded quarterly if deposits of $253 made each month for 3 years accumulate to $11 600