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The Chretiens bought a rental property valued at $125 000.00 by paying 25% down and mortgaging the balance over 21.5 years through equal payments at

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The Chretiens bought a rental property valued at $125 000.00 by paying 25% down and mortgaging the balance over 21.5 years through equal payments at the end of each quarter at 8.6% compounded quarterly. You want to calculate what was the size of the quarterly payments? Select one: a. $ 2401.35 tion b. $ 2501.35 C. $ 2701.35 d. $ 2601.35 e. $ 2801.35

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