An individual borrows $10,000 at j₄ = 8%.He/she is to pay off this loan with quarterly payments of $R over 10-years (first payment 3-month after loan is taken out).What is R? A)$338.75 B)$358.39 C)$365.56 D)$431.78

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The Answer of An individual borrows $10,000 at j₄ = 8%.He/she is to pay off this loan with quarterly payments of $R over 10-years (first payment 3-month after loan is taken out).What is R? A)$338.75 B)$358.39 C)$365.56 D)$431.78

An Individual Borrows $10,000 at J4 = 8

An Individual Borrows $10,000 at J₄ = 8