MY NOTES PRACTICE ANOTHER 8. [-/0.1 Points] DETAILS TANAPMATHS 4.3.024. A group of private investors purchased a condominium complex for $4 million. They made an initial down payment of 15% and obtained financing for the balance. If the loan is to be amortized over 13 years at an interest rate of 12% per year compounded quarterly, find the required quarterly payment. (Round your answer to the nearest cent.) $ Need Help? Read Tarte Tutor