Question 1198848
use the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a> to solve this.
inputs to the calculator are:
pv = 1,000,000 dollars
fv = 0
np = 25 * 4 = 100 quarters
ir = 7% per year / 4 = 1.75% per quarter
payment is made at the end of each quarter.
output is:
pmt = -21,248.80 at the end of each quarter.


positive amount is what your receive.
negative amount is what you spend.
you received a loan of 1 million dollars and you have to pay out 21,248.80 dollars at the end of each quarter for 100 quarters (25 years).


here's what the output of the calculator looks like.


<img src = "http://theo.x10hosting.com/2022/120301.jpg">