How much principal is in the 6th payment what principal is, Financial Management

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How much principal is in the 6th payment what principal is

CTL (Concrete Testing Lab) borrowed $160,000 for new equipment at 8% per year, compounded quarterly. It is to be paid back over 3 years in equal quarterly payments.

How much interest is in the 6th payment?

How much principal is in the 6th payment?

What principal is owed immediately following the 6th payment?

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Financial Management: How much principal is in the 6th payment what principal is

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