Megan takes out a loan of$13000, which she repays by the amortization method at a nominal rate of 6% compounded quarterly. Megan makes level payments at the end of each quarter for 14 years.

Find the amount of interest paid in the 26th payment.

Megan takes out a loan of $13000, which she repays by the amortization method at a nominal rate of 6% compounded quarterly. Megan makes level payments at the end of each quarter for 14 years. Find the amount of interest paid in the 26th payment. Possible Answers A 124.20 a 127.46 c 134.65