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Rita wants to buy a boat that is available at two dealerships.The price of the boat is the same at both dealerships.Midway Motors would let

Rita wants to buy a boat that is available at two dealerships.The price of the boat is the same at both dealerships.Midway Motors would let her make quarterly payments of 4,750 dollars for 10years at a quarterly interest rate of 2.42 percent.Her first payment to Midway Motors would be due in 3 months.If Jacksons Boats would let her make equal monthly payments for 2 years at a monthly interest rate of 0.93 percent and if her first payment to Jacksons Boats would be today, then how much would each monthly payment to Jacksons Boats be?

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