1 Tristan plans to pay back a loan of 230 000 in 5 years He

Last updated: 7/25/2023

1 Tristan plans to pay back a loan of 230 000 in 5 years He makes quarterly payments at the end of each quarter The bank charges 7 8 per year compounded quarterly K4 Determine Tristan s quarterly payment using a TVM solver N 1 PV PMT FV P Y C Y DMT END EGIN