Question 1153212
the loan is 17000
interest rate is 4.2% compounded quarterly.
present value = 17000
future value = 0
interest rate per quarter is 4.2% / 4 = 1.05%
number of quarters is 12 years * 4 = 48.
payments are made at the end of each quarter.
payment is 452.70 at the end of each quarter.
the online calculator at <a href = "https://arachnoid.com/finance/index.html" target = "_blank">https://arachnoid.com/finance/index.html</a> was used.
here's a display of the results of using this calculator.
<img src = "http://theo.x10hosting.com/2020/022906.jpg" alt="$$$" >
inputs are pv, fv, np, ir.
output is pmt.
payments made at the end of each period is selected.