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Please and thank you! Please view the following video before answering this question, Video Example 3.4 Click here to access the TVM Factor Table Calculator

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Please view the following video before answering this question, Video Example 3.4 Click here to access the TVM Factor Table Calculator CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 12% per year, compounded quarterly. It is to be paid back over 3 years in equal quarterly payments. How much interest is in the 6th payment? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5. How much principal is in the 6th payment? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 15. What principal is owed immediately following the 6th payment? Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5

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