How much must be paid on the due date of Oct 20, 2020, on a loan of 80,000 made on December 5, 2015 with interest of 44.5% compounded quarterly?
+37153 THAT is a REALLY high interest rate ! This is 16 + 3 + 1/3 + 1/6 = 19.5 'quarters' interest per quarter = .445 / 4
80 000 ( 1 + .445/4)(19.5)
