assume that the payments occur quarterly over a five-year period, Assume that the balance (future value) of the loan is 0 after 5 years.
Loan Amount (PV) | Years | # Payments per Year | Payments | Annual Rate | Rate per Quarter | Quarterly Payments |
200,000 | 3.25% | |||||
200,000 | 3.50% | |||||
200,000 | 3.75% | |||||
200,000 | 4.00% | |||||
200,000 | 4.25% |
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