How to compute the quarterly payments for 10 years

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You are going to buy a milling machine for your company. The company borrows money to make the purchase and the loan terms are 9% per year, compounded monthly while making quarterly payments for 10 years. The machine costs $50,000. Compute quarterly payments

Reference no: EM13236090

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How to compute the quarterly payments for 10 years : You are going to buy a milling machine for your company. The company borrows money to make the purchase and the loan terms are 9% per year, compounded monthly while making quarterly payments for 10 years.

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