You are to repay a loan of $4100.00 with repayments every quarter for 3.0 years, with the first repayment being one quarter after you took out the loan. If interest is charged at j4 = 8.1900% p.a. then the quarterly repayment size is:

Question 2 options:

1)

$304.88

2)

$399.10

3)

$315.15

4)

$388.83