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USING B A I I PLUS BUSINESS ANALYST CALCULATOR . Sue wants to buy a car that costs $ 1 2 , 0 0 0

USING BAII PLUS BUSINESS ANALYST CALCULATOR . Sue wants to buy a car that costs $12,000. She has arranged to borrow the total purchase price of the car from her credit union at a simple interest rate equal to 12%. The loan requires quarterly payments for a period of 3 years. If the 1st payments is due 3 months after buying the car, what will be the amount of Sue's quarterly payments on the loan? Sue wants to buy a car that costs $12,000. She has arranged to borrow the total purchase price
of the car from her credit union at a simple interest rate equal to 12 percent. The loan requires
quarterly payments for a period of three years. If the first payment is due in three months (one
quarter) after purchasing the car, what will be the amount of Sue's quarterly payments on the
loan?
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