Suppose that you are interested in borrowing $5300 for the purchase of a second hand car. Suppose that you would like to make fix amount quarterly payments (making the first payment by the end of the first quarter), and that you want to be debt free by the end of 7 and a half (7.5) years.

If the interest rate charged by the bank is 4.6%, then:

The quarterly amount that you would have to pay for this loan is: $Answer