Question) Nicole and Keith borrow $500 000 at 6.1% pa compounding quarterly and agree to make monthly repayments for 20 years. Calculate their quarterly loan repayment.

a. " $30,769.71 "

b. " $29,194.69 "

c. " $10,861.23 "

d. " $7,625.00 "

e. " $6,250.00 "