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| rev | Admin | (Created page with "A small business takes out a 10-year loan with level end-of-quarter payments. The payments are based on an annual nominal interest rate of 12% convertible quarterly. The amount of principal repaid in the 15th payment is 10,030.27. Calculate the amount of interest paid in the 25th payment. <ul class="mw-excansopts"><li>7,521</li><li>8,151</li><li>9,467</li><li>10,030</li><li>11,601</li></ul> {{soacopyright | 2023 }}") | Nov 19'23 at 0:59 | +421 |