You are considering buying an antique car priced today at $20,000. The bank has offered you a loan to buy it. The loan is a 3 -year loan for which you will make quarterly payments (at the end of each quarter/end of each 3-months). The APR for the loan is 12%. How much is the quarterly payment? (Estimated time allowance: 9 minutes) What investment per month does Kat need to make at the end of each month into her savings account over 5 years to reach her vacation goal of $100,000 if she is getting a 12% APR on her account? 1) $1,010.36 2) $2,224.44 3) $15,740.97 4) $1,224.44