Sue wants to buy a car that costs 12000 she has arranged to, Ask an Expert

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Sue wants to buy a car that costs $12,000. She has arranged to borrow the total purchase price of the car from her credit union at a simple interest rate equal to 12%. The loan requires quarterly payments for a period of 3 years. If the 1st payments is due 3 months after buying the car, what will be the amount of Sue's quarterly payments on the loan?

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Category:- Basic Finance
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