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USE THE FOLLOWING INFORMATION FOR THIS QUIZLET: Cost of asset and amount financed = $106,000 Annual interest rate = 12% Installment loan term = 3

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USE THE FOLLOWING INFORMATION FOR THIS QUIZLET: Cost of asset and amount financed = $106,000 Annual interest rate = 12% Installment loan term = 3 years Payments are made 4 times per year (quarterly) Kieso Present value tables.pdf Calculate the payment on the installment note payable. 1. Do not use dollar signs or decimals. 2. Round your answer to the nearest whole dollar

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