The quarterly payment will be $1,127.86
<h3>What is compound interest?</h3>
Compound interest is the interest on a loan or deposit that levied on both the first principal and the collected interest from past periods.
The amortization formula is ...
where A is the payment amount, P is the principal amount, r is the interest rate per period, and n is the number of periods.
Here, we have
P=$16,231, r=0.051/4=0.01275, n=4·4=16.
So, the payment is ...

Hence the quarterly payment amount is $1,127.86.
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Answer:
B
Step-by-step explanation:
let y = 5x - 3
rearrange making x the subject
add 3 to both sides
5x = y + 3 ( divide both sides by 5 )
x = 
change y back into terms of x, hence
(x) =
→ B
Step-by-step explanation:
Divide 7560 by 9 you get 840. Then you times 840 by 4 you get 3360, Multiply 840 by 5 you get 4200.
Answer:
The answer is B
Step-by-step explanation:
Answer:
X=8 hope I am right<3
Step-by-step explanation: