You are to repay a loan of $4200.00 with repayments every quarter for 5.0 years, with the first repayment being one quarter after you took out the loan. If interest is charged at j4 = 8.0730% p.a. then the quarterly repayment size is:

Question 2 options:

1)

$263.49

2)

$172.54

3)

$178.72

4)

$257.31